Quarterly report [Sections 13 or 15(d)]

Accumulated Other Comprehensive Income (Loss)

v3.26.1
Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2026 and 2025.
(Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives
Employee
Benefit Plans
Foreign
Currency
 Total
Balance, December 31, 2024 $ (2,252) $ (1,694) $ (5,588) $ (4,617) $ (1,134) $ (15,285)
Net change 366  297  1,313  27  11  2,014 
Balance, March 31, 2025 $ (1,886) $ (1,397) $ (4,275) $ (4,590) $ (1,123) $ (13,271)
Balance, December 31, 2025 $ (1,096) $ (2,023) $ (1,998) $ (4,298) $ (1,111) $ (10,526)
Net change (529) 660  (627) 35  9  (452)
Balance, March 31, 2026 $ (1,625) $ (1,363) $ (2,625) $ (4,263) $ (1,102) $ (10,978)
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 three months ended March 31, 2026 and 2025.
Pretax Tax
effect		 After-
tax		 Pretax Tax
effect		 After-
tax
Three Months Ended March 31
(Dollars in millions) 2026 2025
Debt securities:
Net increase (decrease) in fair value $ (686) $ 159  $ (527) $ 481  $ (117) $ 364 
Net realized (gains) losses reclassified into earnings (1)
(3) 1  (2) 2  —  2 
Net change (689) 160  (529) 483  (117) 366 
Debit valuation adjustments:
Net increase (decrease) in fair value 874  (214) 660  393  (96) 297 
Net change 874  (214) 660  393  (96) 297 
Derivatives:
Net increase (decrease) in fair value (1,197) 286  (911) 1,361  (340) 1,021 
Reclassifications into earnings:
Net interest income 379  (91) 288  397  (100) 297 
Compensation and benefits expense (5) 1  (4) (7) 2  (5)
Net realized (gains) losses reclassified into earnings 374  (90) 284  390  (98) 292 
Net change (823) 196  (627) 1,751  (438) 1,313 
Employee benefit plans:
Net actuarial losses and other reclassified into earnings (2)
47  (12) 35  35  (8) 27 
Net change 47  (12) 35  35  (8) 27 
Foreign currency:
Net increase (decrease) in fair value 103  (91) 12  (216) 227  11 
Net realized (gains) losses reclassified into earnings (1)
(2) (1) (3) —  —  — 
Net change 101  (92) 9  (216) 227  11 
Total other comprehensive income (loss) $ (490) $ 38  $ (452) $ 2,446  $ (432) $ 2,014 
(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.