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Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule Of Accumulated Other Comprehensive Income (Loss)
The following table presents a reconciliation of the changes in the components of accumulated other comprehensive (loss) income and details the components of other comprehensive (loss) income for the years ended December 31, 2021, 2020 and 2019, including the amount of income tax expense (benefit) allocated to each component of other comprehensive (loss) income.
(in millions)
Years Ended December 31202120202019
Accumulated net unrealized (losses) gains on investment securities:
Balance at beginning of period, net of tax$211 $65 $(138)
Net unrealized holding (losses) gains arising during the period(406)191 257 
Less: (Benefit) provision for income taxes(96)45 60 
Net unrealized holding (losses) gains arising during the period, net of tax(310)146 197 
Less:
Net realized losses included in net securities losses— — (8)
Less: Benefit for income taxes— — (2)
Reclassification adjustment for net securities losses included in net income, net of tax— — (6)
Change in net unrealized (losses) gains on investment securities, net of tax(310)146 203 
Balance at end of period, net of tax$(99)$211 $65 
Accumulated net gains on cash flow hedges:
Balance at beginning of period, net of tax$155 $34 $— 
Net cash flow hedge (losses) gains arising during the period(35)229 44 
Less: (Benefit) provision for income taxes(8)56 10 
Change in net cash flow hedge gains arising during the period, net of tax(27)173 34 
Less:
Net cash flow hedge gains included in interest and fees on loans95 70 — 
Less: Provision for income taxes22 18 — 
Reclassification adjustment for net cash flow hedge gains included in net income, net of tax73 52 — 
Change in net cash flow hedge gains, net of tax(100)121 34 
Balance at end of period, net of tax (a)$55 $155 $34 
Accumulated defined benefit pension and other postretirement plans adjustment:
Balance at beginning of period, net of tax (b)$(302)$(415)$(548)
Actuarial gain arising during the period (b)159 128 157 
Prior service credit arising during the period1 — — 
Net defined benefit pension and other postretirement plans adjustment arising during the period160 128 157 
Less: Provision for income taxes (b)38 31 36 
Net defined benefit pension and other postretirement plans adjustment arising during the period, net of tax (b)122 97 121 
Amounts recognized in other noninterest expenses:
Amortization of actuarial net loss (b)40 47 42 
Amortization of prior service credit(25)(27)(27)
Total amounts recognized in other noninterest expenses (b)15 20 15 
Less: Provision for income taxes (b)3 4 3 
Adjustment for amounts recognized as components of net periodic benefit cost during the period, net of tax (b)12 16 12 
Change in defined benefit pension and other postretirement plans adjustment, net of tax (b)134 113 133 
Balance at end of period, net of tax (b)$(168)$(302)$(415)
Total accumulated other comprehensive (loss) income at end of period, net of tax$(212)$64 $(316)
(a)The Corporation expects to reclassify $47 million of net gains, net of tax, from accumulated other comprehensive loss to earnings over the next twelve months if interest yield curves and notional amounts remain at December 31, 2021 levels.
(b)Balances at beginning and end of period, net of tax, and changes for the years ended December 31, 2020 and 2019 have been recast to reflect the retrospective application of the Corporation's election to change the accounting method for certain components of the qualified defined benefit pension plan as of January 1, 2021. Refer to Note 1 for further information.