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Components of Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 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 July 1, 2024 |  | $ | (901) |  |  | $ | (112) |  |  | $ | (268) |  |  | $ | (1,281) |
Net unrealized gains (losses) |  | 232 |  |  | 45 |  |  | — |  |  | 277 |
Amounts reclassified from AOCI |  | — |  |  | 13 |  |  | 2 |  |  | 15 |
Other comprehensive income (loss) |  | 232 |  |  | 58 |  |  | 2 |  |  | 292 |
Balance as of September 30, 2024 |  | $ | (669) |  |  | $ | (54) |  |  | $ | (266) |  |  | $ | (989) |
(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) |  | 167 |  |  | (13) |  |  | — |  |  | 154 |
Amounts reclassified from AOCI |  | — |  |  | 39 |  |  | 6 |  |  | 45 |
Other comprehensive income (loss) |  | 167 |  |  | 26 |  |  | 6 |  |  | 199 |
Balance as of September 30, 2024 |  | $ | (669) |  |  | $ | (54) |  |  | $ | (266) |  |  | $ | (989) |
(Dollars in millions) |  | Securities AFS |  | Cash Flow Hedges |  | Pension and Post-retirement Plans |  | Total
Balance as of July 1, 2023 |  | $ | (964) |  |  | $ | (129) |  |  | $ | (266) |  |  | $ | (1,359) |
Net unrealized gains (losses) |  | (206) |  |  | (34) |  |  | 1 |  |  | (239) |
Amounts reclassified from AOCI |  | — |  |  | 14 |  |  | 2 |  |  | 16 |
Other comprehensive income (loss) |  | (206) |  |  | (20) |  |  | 3 |  |  | (223) |
Balance as of September 30, 2023 |  | $ | (1,170) |  |  | $ | (149) |  |  | $ | (263) |  |  | $ | (1,582) |
(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) |  | (197) |  |  | (60) |  |  | (1) |  |  | (258) |
Amounts reclassified from AOCI |  | — |  |  | 38 |  |  | 6 |  |  | 44 |
Other comprehensive income (loss) |  | (197) |  |  | (22) |  |  | 5 |  |  | (214) |
Balance as of September 30, 2023 |  | $ | (1,170) |  |  | $ | (149) |  |  | $ | (263) |  |  | $ | (1,582) |
Schedule of Reclassifications from AOCI | Reclassifications from AOCI, and related tax effects, were as follows:
RECLASSIFICATIONS FROM AOCI
(Dollars in millions) |  | Three Months Ended September 30, |  |  |  | Nine Months Ended September 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 |  |  | $ | 18 |  |  |  |  |  |  | $ | 51 |  |  | $ | 50 |  |  | Interest and fees on loans and leases
Tax expense (benefit) |  | (4) |  |  | (4) |  |  |  |  |  |  | (12) |  |  | (12) |  |  | Income tax expense
|  | 13 |  |  | 14 |  |  |  |  |  |  | 39 |  |  | 38 |  |  |
Pension and Postretirement Plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service cost and net actuarial (gain) loss |  | $ | 3 |  |  | $ | 3 |  |  |  |  |  |  | $ | 8 |  |  | $ | 8 |  |  | Other expense
Tax expense (benefit) |  | (1) |  |  | (1) |  |  |  |  |  |  | (2) |  |  | (2) |  |  | Income tax expense
|  | 2 |  |  | 2 |  |  |  |  |  |  | 6 |  |  | 6 |  |  |
Total reclassification from AOCI |  | $ | 15 |  |  | $ | 16 |  |  |  |  |  |  | $ | 45 |  |  | $ | 44 |  |  |

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