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Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Tables) | 9 Months Ended
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Sep. 30, 2020
Statement of Comprehensive Income [Abstract] |
Schedule of Comprehensive Income | The components of Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (“AOCI”) for the nine months ended September 30, 2020 were:
|  | Changes in Net Unrealized Gains (Losses) on Investment Securities |  |  |  |  |  |
(Dollars in Millions) |  | Having No Credit Losses Recognized in Consolidated Statements of Income |  | Having Credit Losses Recognized in Consolidated Statements of Income |  | Net Unrecognized Postretirement Benefit Costs |  | Gain (Loss) on Cash Flow Hedges |  | Total Accumulated Other Comprehensive Income (Loss)
Balance at Beginning of Year |  | $ | 439.4 |  |  | $ | — |  |  | $ | (100.6) |  |  | $ | (2.7) |  |  | $ | 336.1 |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | 225.8 |  |  | (1.9) |  |  | 1.8 |  |  | 0.2 |  |  | 225.9 |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (13.0) |  |  | — |  |  | — |  |  | — |  |  | (13.0) |
Other Comprehensive Income (Loss), Net of Tax |  | 212.8 |  |  | (1.9) |  |  | 1.8 |  |  | 0.2 |  |  | 212.9 |
Balance at End of Period |  | $ | 652.2 |  |  | $ | (1.9) |  |  | $ | (98.8) |  |  | $ | (2.5) |  |  | $ | 549.0 |
The components of Other Comprehensive Income (Loss) and AOCI for the three months ended September 30, 2020 were:
|  | Changes in Net Unrealized Gains (Losses) on Investment Securities |  |  |  |  |  |
(Dollars in Millions) |  | Having No Credit Losses Recognized in Consolidated Statements of Income |  | Having Credit Losses Recognized in Consolidated Statements of Income |  | Net Unrecognized Postretirement Benefit Costs |  | Gain (Loss) on Cash Flow Hedges |  | Total Accumulated Other Comprehensive Income (Loss)
Balance at Beginning of Period |  | $ | 602.3 |  |  | $ | (2.9) |  |  | $ | (99.5) |  |  | $ | (2.6) |  |  | $ | 497.3 |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | 57.0 |  |  | 1.0 |  |  | 0.7 |  |  | 0.1 |  |  | 58.8 |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (7.1) |  |  | — |  |  | — |  |  | — |  |  | (7.1) |
Other Comprehensive Income (Loss), Net of Tax |  | 49.9 |  |  | 1.0 |  |  | 0.7 |  |  | 0.1 |  |  | 51.7 |
Balance at End of Period |  | $ | 652.2 |  |  | $ | (1.9) |  |  | $ | (98.8) |  |  | $ | (2.5) |  |  | $ | 549.0 |
The pre-tax components of the Other Comprehensive Income (Loss) and the related Income Tax Benefit (Expense) for the nine and three months ended September 30, 2020 and 2019 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2020 |  | Sep 30, 2019 |  | Sep 30, 2020 |  | Sep 30, 2019
Changes in Net Unrealized Gains (Losses) on Investment Securities: |  |  |  |  |  |  |  |
Having No Credit Losses Recognized in Condensed Consolidated Statements of Income |  | $ | 285.7 |  |  | $ | 467.3 |  |  | $ | 72.1 |  |  | $ | 118.1 |
Income Tax Benefit (Expense) |  | (59.9) |  |  | (98.1) |  |  | (15.1) |  |  | (24.8) |
Net of Taxes |  | 225.8 |  |  | 369.2 |  |  | 57.0 |  |  | 93.3 |
Having Credit Losses Recognized in Condensed Consolidated Statements of Income |  | (2.4) |  |  | — |  |  | 1.3 |  |  | — |
Income Tax Benefit (Expense) |  | 0.5 |  |  | — |  |  | (0.3) |  |  | — |
Net of Taxes |  | (1.9) |  |  | — |  |  | 1.0 |  |  | — |
Reclassification Adjustment for Amounts Included in Net Income |  | (16.4) |  |  | (26.9) |  |  | (9.0) |  |  | 0.2 |
Income Tax Benefit (Expense) |  | 3.4 |  |  | 5.7 |  |  | 1.9 |  |  | — |
Net of Taxes |  | (13.0) |  |  | (21.2) |  |  | (7.1) |  |  | 0.2 |
Changes in Net Unrecognized Postretirement Benefit Costs |  | 2.3 |  |  | 0.2 |  |  | 0.9 |  |  | (0.4) |
Income Tax Benefit (Expense) |  | (0.5) |  |  | (0.1) |  |  | (0.2) |  |  | — |
Net of Taxes |  | 1.8 |  |  | 0.1 |  |  | 0.7 |  |  | (0.4) |
Changes in Gain (Loss) on Cash Flow Hedges |  | 0.3 |  |  | 0.3 |  |  | 0.2 |  |  | 0.2 |
Income Tax Benefit (Expense) |  | (0.1) |  |  | (0.1) |  |  | (0.1) |  |  | (0.1) |
Net of Taxes |  | 0.2 |  |  | 0.2 |  |  | 0.1 |  |  | 0.1 |
Total Other Comprehensive Income (Loss) Before Income Taxes |  | 269.5 |  |  | 440.9 |  |  | 65.5 |  |  | 118.1 |
Total Income Tax Benefit (Expense) |  | (56.6) |  |  | (92.6) |  |  | (13.8) |  |  | (24.9) |
Total Other Comprehensive Income (Loss), Net of Taxes |  | $ | 212.9 |  |  | $ | 348.3 |  |  | $ | 51.7 |  |  | $ | 93.2 |
Reclassification out of Accumulated Comprehensive Income | Components of AOCI were reclassified to the following lines of the Condensed Consolidated Statements of Income for the nine and three months ended September 30, 2020 and 2019:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2020 |  | Sep 30, 2019 |  | Sep 30, 2020 |  | Sep 30, 2019
Reclassification of AOCI from Net Unrealized Gains on Investments to: |  |  |  |  |  |  |  |
Net Realized Gains on Sales of Investments |  | $ | 36.4 |  |  | $ | 39.1 |  |  | $ | 10.0 |  |  | $ | 1.7 |
Impairment Losses |  | (20.0) |  |  | (12.2) |  |  | (1.0) |  |  | (1.9) |
Total Before Income Taxes |  | 16.4 |  |  | 26.9 |  |  | 9.0 |  |  | (0.2) |
Income Tax Expense |  | (3.4) |  |  | (5.7) |  |  | (1.9) |  |  | — |
Reclassification from AOCI, Net of Income Taxes |  | 13.0 |  |  | 21.2 |  |  | 7.1 |  |  | (0.2) |
Reclassification of AOCI from Unrecognized Postretirement Benefit Costs to: |  |  |  |  |  |  |  |
Interest and Other Expenses |  | (2.3) |  |  | 0.6 |  |  | (0.9) |  |  | — |
Income Tax Benefit (Expense) |  | 0.5 |  |  | (0.1) |  |  | 0.2 |  |  | — |
Reclassification from AOCI, Net of Income Taxes |  | (1.8) |  |  | 0.5 |  |  | (0.7) |  |  | — |
Reclassification of AOCI from Loss on Cash Flow Hedges to: |  |  |  |  |  |  |  |
Interest and Other Expenses |  | (0.3) |  |  | — |  |  | (0.2) |  |  | (0.1) |
Income Tax Benefit |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Reclassification from AOCI, Net of Income Taxes |  | (0.2) |  |  | — |  |  | (0.1) |  |  | (0.1) |
Total Reclassification from AOCI to Net Income |  | $ | 11.0 |  |  | $ | 21.7 |  |  | $ | 6.3 |  |  | $ | (0.3) |

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e526-108580 + Details
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