XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.21.2

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Statement of Comprehensive Income [Abstract] |
Schedule of Comprehensive Income | The components of Other Comprehensive Income (Loss) for the Six Months Ended June 30, 2021 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 |  | $ | 730.6 |  |  | $ | (2.1) |  |  | $ | (45.7) |  |  | $ | (2.3) |  |  | $ | 680.5 |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | (116.3) |  |  | (1.9) |  |  | — |  |  | — |  |  | $ | (118.2) |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (20.3) |  |  | — |  |  | 0.8 |  |  | 0.2 |  |  | $ | (19.3) |
Other Comprehensive Income (Loss), Net of Tax |  | (136.6) |  |  | (1.9) |  |  | 0.8 |  |  | 0.2 |  |  | (137.5) |
Balance at End of Period |  | $ | 594.0 |  |  | $ | (4.0) |  |  | $ | (44.9) |  |  | $ | (2.1) |  |  | $ | 543.0 |
The components of Other Comprehensive Income (Loss) and AOCI for the three months ended June 30, 2021 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 |  | 441.4 |  | $ | (3.8) |  |  | $ | (44.9) |  |  | $ | (2.2) |  |  | $ | 390.5 |
Other Comprehensive Income (Loss) Before Reclassification Adjustment, Net of Tax |  | 165.2 |  |  | (0.2) |  |  | — |  |  | — |  |  | $ | 165.0 |
Reclassification Adjustment for Amounts Included in Net Income, Net of Tax |  | (12.6) |  |  | — |  |  | — |  |  | 0.1 |  |  | $ | (12.5) |
Other Comprehensive Income (Loss), Net of Tax |  | 152.6 |  |  | (0.2) |  |  | — |  |  | 0.1 |  |  | 152.5 |
Balance at End of Period |  | $ | 594.0 |  |  | $ | (4.0) |  |  | $ | (44.9) |  |  | $ | (2.1) |  |  | $ | 543.0 |
The pre-tax components of the Other Comprehensive Income (Loss) and the related Income Tax Benefit (Expense) for the six and three months ended June 30, 2021 and 2020 were:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2021 |  | Jun 30, 2020 |  | Jun 30, 2021 |  | Jun 30, 2020
Changes in Net Unrealized Gains (Losses) on Investment Securities: |  |  |  |  |  |  |  |
Having No Credit Losses Recognized in Condensed Consolidated Statements of Income |  | $ | (147.5) |  |  | $ | 213.6 |  |  | $ | 206.7 |  |  | $ | 411.6 |
Income Tax Benefit (Expense) |  | 31.2 |  |  | (44.9) |  |  | (41.5) |  |  | (86.5) |
Net of Taxes |  | (116.3) |  |  | 168.7 |  |  | 165.2 |  |  | 325.1 |
Having Credit Losses Recognized in Condensed Consolidated Statements of Income |  | (2.4) |  |  | (3.7) |  |  | (0.3) |  |  | (0.8) |
Income Tax Benefit (Expense) |  | 0.5 |  |  | 0.8 |  |  | 0.1 |  |  | 0.2 |
Net of Taxes |  | (1.9) |  |  | (2.9) |  |  | (0.2) |  |  | (0.6) |
Reclassification Adjustment for Amounts Included in Net Income |  | (25.7) |  |  | (7.4) |  |  | (15.9) |  |  | (3.5) |
Income Tax Benefit (Expense) |  | 5.4 |  |  | 1.6 |  |  | 3.3 |  |  | 0.8 |
Net of Taxes |  | (20.3) |  |  | (5.8) |  |  | (12.6) |  |  | (2.7) |
Changes in Net Unrecognized Postretirement Benefit Costs |  | 0.4 |  |  | 1.4 |  |  | 0.1 |  |  | 0.7 |
Income Tax Benefit (Expense) |  | 0.4 |  |  | (0.3) |  |  | (0.1) |  |  | (0.1) |
Net of Taxes |  | 0.8 |  |  | 1.1 |  |  | — |  |  | 0.6 |
Changes in Gain (Loss) on Cash Flow Hedges |  | 0.2 |  |  | 0.1 |  |  | 0.1 |  |  | — |
Income Tax Benefit (Expense) |  | — |  |  | — |  |  | — |  |  | — |
Net of Taxes |  | 0.2 |  |  | 0.1 |  |  | 0.1 |  |  | — |
Total Other Comprehensive Income (Loss) Before Income Taxes |  | (175.0) |  |  | 204.0 |  |  | 190.7 |  |  | 408.0 |
Total Income Tax Benefit (Expense) |  | 37.5 |  |  | (42.8) |  |  | (38.2) |  |  | (85.6) |
Total Other Comprehensive Income (Loss), Net of Taxes |  | $ | (137.5) |  |  | $ | 161.2 |  |  | $ | 152.5 |  |  | $ | 322.4 |
Reclassification out of Accumulated Comprehensive Income | Components of AOCI were reclassified to the following lines of the Condensed Consolidated Statements of Income for the six and three months ended June 30, 2021 and 2020:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2021 |  | Jun 30, 2020 |  | Jun 30, 2021 |  | Jun 30, 2020
Reclassification of AOCI from Net Unrealized Gains on Investments to: |  |  |  |  |  |  |  |
Net Realized Gains on Sales of Investments |  | $ | 32.9 |  |  | $ | 26.4 |  |  | $ | 19.1 |  |  | $ | 10.5 |
Impairment Losses |  | (7.2) |  |  | (19.0) |  |  | (3.2) |  |  | (7.0) |
Total Before Income Taxes |  | 25.7 |  |  | 7.4 |  |  | 15.9 |  |  | 3.5 |
Income Tax Benefit (Expense) |  | (5.4) |  |  | (1.6) |  |  | (3.3) |  |  | (0.8) |
Reclassification from AOCI, Net of Income Taxes |  | 20.3 |  |  | 5.8 |  |  | 12.6 |  |  | 2.7 |
Reclassification of AOCI from Unrecognized Postretirement Benefit Costs to: |  |  |  |  |  |  |  |
Interest and Other Expenses |  | (0.4) |  |  | (1.4) |  |  | (0.1) |  |  | (0.7) |
Income Tax Benefit (Expense) |  | (0.4) |  |  | 0.3 |  |  | 0.1 |  |  | 0.1 |
Reclassification from AOCI, Net of Income Taxes |  | (0.8) |  |  | (1.1) |  |  | — |  |  | (0.6) |
Reclassification of AOCI from Loss on Cash Flow Hedges to: |  |  |  |  |  |  |  |
Interest and Other Expenses |  | (0.2) |  |  | (0.1) |  |  | (0.1) |  |  | — |
Income Tax Benefit (Expense) |  | — |  |  | — |  |  | — |  |  | — |
Reclassification from AOCI, Net of Income Taxes |  | (0.2) |  |  | (0.1) |  |  | (0.1) |  |  | — |
Total Reclassification from AOCI to Net Income |  | $ | 19.3 |  |  | $ | 4.6 |  |  | $ | 12.5 |  |  | $ | 2.1 |

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration