| Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) The table below presents the changes in accumulated OCI after-tax for the nine months ended September 30, 2025 and 2024.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Dollars in millions) |
Debt Securities |
|
Debit Valuation Adjustments |
|
Derivatives |
|
Employee
Benefit Plans
|
|
Foreign
Currency
|
|
Total |
| Balance, December 31, 2023 |
$ |
(2,410) |
|
|
$ |
(1,567) |
|
|
$ |
(8,016) |
|
|
$ |
(4,748) |
|
|
$ |
(1,047) |
|
|
$ |
(17,788) |
|
| Net change |
444 |
|
|
(135) |
|
|
3,100 |
|
|
75 |
|
|
(30) |
|
|
3,454 |
|
| Balance, September 30, 2024 |
$ |
(1,966) |
|
|
$ |
(1,702) |
|
|
$ |
(4,916) |
|
|
$ |
(4,673) |
|
|
$ |
(1,077) |
|
|
$ |
(14,334) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2024 |
$ |
(2,252) |
|
|
$ |
(1,694) |
|
|
$ |
(5,588) |
|
|
$ |
(4,617) |
|
|
$ |
(1,134) |
|
|
$ |
(15,285) |
|
| Net change |
489
|
|
|
(161) |
|
|
3,145
|
|
|
37
|
|
|
30
|
|
|
3,540
|
|
| Balance, September 30, 2025 |
$ |
(1,763) |
|
|
$ |
(1,855) |
|
|
$ |
(2,443) |
|
|
$ |
(4,580) |
|
|
$ |
(1,104) |
|
|
$ |
(11,745) |
|
The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the nine months ended September 30, 2025 and 2024.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax |
|
Tax
effect |
|
After-
tax |
|
Pretax |
|
Tax
effect |
|
After-
tax |
|
|
|
|
|
|
|
Nine Months Ended September 30 |
|
|
|
|
|
|
| (Dollars in millions) |
2025 |
|
2024 |
|
|
| Debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in fair value |
$ |
644
|
|
|
$ |
(172) |
|
|
$ |
472
|
|
|
$ |
581 |
|
|
$ |
(142) |
|
|
$ |
439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized (gains) losses reclassified into earnings (1)
|
23
|
|
|
(6) |
|
|
17
|
|
|
6 |
|
|
(1) |
|
|
5 |
|
|
|
|
|
|
|
| Net change |
667
|
|
|
(178) |
|
|
489
|
|
|
587 |
|
|
(143) |
|
|
444 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debit valuation adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in fair value |
(218) |
|
|
54
|
|
|
(164) |
|
|
(191) |
|
|
48 |
|
|
(143) |
|
|
|
|
|
|
|
Net realized (gains) losses reclassified into earnings (1)
|
3
|
|
|
—
|
|
|
3
|
|
|
12 |
|
|
(4) |
|
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change |
(215) |
|
|
54
|
|
|
(161) |
|
|
(179) |
|
|
44 |
|
|
(135) |
|
|
|
|
|
|
|
| Derivatives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in fair value |
3,091
|
|
|
(813) |
|
|
2,278
|
|
|
1,851 |
|
|
(464) |
|
|
1,387 |
|
|
|
|
|
|
|
Reclassifications into earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income |
1,165
|
|
|
(285) |
|
|
880
|
|
|
2,163 |
|
|
(542) |
|
|
1,621 |
|
|
|
|
|
|
|
| Market making and similar activities |
—
|
|
|
—
|
|
|
—
|
|
|
146 |
|
|
(35) |
|
|
111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Compensation and benefits expense |
(17) |
|
|
4
|
|
|
(13) |
|
|
(25) |
|
|
6 |
|
|
(19) |
|
|
|
|
|
|
|
| Net realized (gains) losses reclassified into earnings |
1,148
|
|
|
(281) |
|
|
867
|
|
|
2,284 |
|
|
(571) |
|
|
1,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change |
4,239
|
|
|
(1,094) |
|
|
3,145
|
|
|
4,135 |
|
|
(1,035) |
|
|
3,100 |
|
|
|
|
|
|
|
| Employee benefit plans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net actuarial losses and other reclassified into earnings (2)
|
109
|
|
|
(72) |
|
|
37
|
|
|
98 |
|
|
(23) |
|
|
75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change |
109
|
|
|
(72) |
|
|
37
|
|
|
98 |
|
|
(23) |
|
|
75 |
|
|
|
|
|
|
|
| Foreign currency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in fair value |
(656) |
|
|
686
|
|
|
30
|
|
|
33 |
|
|
(70) |
|
|
(37) |
|
|
|
|
|
|
|
Net realized (gains) losses reclassified into earnings (1)
|
—
|
|
|
—
|
|
|
—
|
|
|
41 |
|
|
(34) |
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change |
(656) |
|
|
686
|
|
|
30
|
|
|
74 |
|
|
(104) |
|
|
(30) |
|
|
|
|
|
|
|
| Total other comprehensive income (loss) |
$ |
4,144
|
|
|
$ |
(604) |
|
|
$ |
3,540
|
|
|
$ |
4,715 |
|
|
$ |
(1,261) |
|
|
$ |
3,454 |
|
|
|
|
|
|
|
(1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income.
(2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.
|