| Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) The table below presents the changes in accumulated OCI after-tax for 2025, 2024 and 2023.
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| (Dollars in millions) |
Debt Securities |
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Debit Valuation Adjustments |
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Derivatives |
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Employee
Benefit Plans
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Foreign
Currency
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Total |
| Balance, December 31, 2022 |
$ |
(2,983) |
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$ |
(881) |
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$ |
(11,935) |
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$ |
(4,309) |
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$ |
(1,048) |
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$ |
(21,156) |
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| Net change |
573 |
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(686) |
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3,919 |
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(439) |
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1 |
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3,368 |
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| Balance, December 31, 2023 |
$ |
(2,410) |
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$ |
(1,567) |
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$ |
(8,016) |
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$ |
(4,748) |
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$ |
(1,047) |
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$ |
(17,788) |
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| Net change |
158 |
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(127) |
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2,428 |
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131 |
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(87) |
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2,503 |
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| Balance, December 31, 2024 |
$ |
(2,252) |
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$ |
(1,694) |
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$ |
(5,588) |
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$ |
(4,617) |
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$ |
(1,134) |
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$ |
(15,285) |
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| Net change |
1,156
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(329) |
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3,590
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319
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23
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4,759
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| Balance, December 31, 2025 |
$ |
(1,096) |
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$ |
(2,023) |
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$ |
(1,998) |
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$ |
(4,298) |
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$ |
(1,111) |
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$ |
(10,526) |
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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 2025, 2024 and 2023.
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Pretax |
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Tax
effect |
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After-
tax |
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Pretax |
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Tax
effect |
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After-
tax |
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Pretax |
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Tax effect |
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After-
tax |
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| (Dollars in millions) |
2025 |
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2024 |
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2023 |
| Debt securities: |
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| Net increase (decrease) in fair value |
$ |
1,535
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$ |
(394) |
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$ |
1,141
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$ |
185 |
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$ |
(49) |
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$ |
136 |
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$ |
348 |
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$ |
(79) |
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$ |
269 |
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Net realized (gains) losses reclassified into earnings (1)
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20
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(5) |
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15
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29 |
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(7) |
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22 |
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|
405 |
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(101) |
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304 |
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| Net change |
1,555
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(399) |
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1,156
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214 |
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(56) |
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158 |
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753 |
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(180) |
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573 |
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| Debit valuation adjustments: |
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| Net increase (decrease) in fair value |
(440) |
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108
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(332) |
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(180) |
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45 |
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(135) |
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(917) |
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223 |
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(694) |
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Net realized (gains) losses reclassified into earnings (1)
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3
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—
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3
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12 |
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(4) |
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8 |
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11 |
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(3) |
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8 |
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| Net change |
(437) |
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108
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(329) |
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(168) |
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41 |
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(127) |
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(906) |
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220 |
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(686) |
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| Derivatives: |
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| Net increase (decrease) in fair value |
3,294
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(862) |
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2,432
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433 |
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(107) |
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326 |
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2,064 |
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(514) |
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1,550 |
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Reclassifications into earnings: |
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| Net interest income |
1,552
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(378) |
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1,174
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2,692 |
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(674) |
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2,018 |
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1,153 |
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(288) |
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865 |
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| Market making and similar activities |
—
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—
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—
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146 |
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(35) |
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111 |
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2,031 |
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(508) |
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1,523 |
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| Compensation and benefits expense |
(21) |
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5
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(16) |
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(35) |
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8 |
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(27) |
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(25) |
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6 |
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(19) |
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| Net realized (gains) losses reclassified into earnings |
1,531
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(373) |
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1,158
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2,803 |
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(701) |
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2,102 |
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3,159 |
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(790) |
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2,369 |
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| Net change |
4,825
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(1,235) |
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3,590
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3,236 |
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(808) |
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2,428 |
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5,223 |
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(1,304) |
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3,919 |
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| Employee benefit plans: |
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| Net increase (decrease) in fair value |
315
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(75) |
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240
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29 |
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(8) |
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21 |
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(642) |
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162 |
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(480) |
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Net actuarial losses and other reclassified into earnings (2)
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163
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(84) |
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79
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|
148 |
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(37) |
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111 |
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56 |
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(16) |
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40 |
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| Settlements, curtailments and other |
—
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—
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—
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(1) |
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— |
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(1) |
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1 |
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— |
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1 |
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| Net change |
478
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(159) |
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319
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|
176 |
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(45) |
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131 |
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(585) |
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146 |
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(439) |
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| Foreign currency: |
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| Net increase (decrease) in fair value |
(651) |
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673
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22
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|
521 |
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(615) |
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(94) |
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(177) |
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192 |
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15 |
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Net realized (gains) losses reclassified into earnings (1)
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3
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(2) |
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1
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41 |
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(34) |
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7 |
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(48) |
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34 |
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(14) |
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| Net change |
(648) |
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|
671
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23
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|
562 |
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(649) |
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(87) |
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(225) |
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226 |
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1 |
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| Total other comprehensive income (loss) |
$ |
5,773
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$ |
(1,014) |
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$ |
4,759
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$ |
4,020 |
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$ |
(1,517) |
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$ |
2,503 |
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$ |
4,260 |
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$ |
(892) |
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$ |
3,368 |
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(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.
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