Capital One 2014 Annual Report Download - page 230

The following table presents the impacts on net income of amounts reclassified from each component of AOCI for
the years ended December 31, 2014 and 2013.
Table 11.3: Reclassifications from AOCI
Amount Reclassified
from AOCI
Year Ended
(Dollars in millions) December 31,
AOCI Components Affected Income Statement Line Item 2014 2013
Securities available for sale:
Non-interest income - Other . . . . . . . . . . . . . . . . . . . . . . $ 21 $7
Non-interest income - OTTI . . . . . . . . . . . . . . . . . . . . . . (24) (41)
Loss from continuing operations before income taxes . . (3) (34)
Income tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (12)
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) (22)
Securities held to maturity:(1)
Non-interest income - Other . . . . . . . . . . . . . . . . . . . . . . (131) (29)
Income tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (55) (11)
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (76) (18)
Cash flow hedges:
Interest rate contracts: Interest income - Other . . . . . . . . . . . . . . . . . . . . . . . . . . 209 86
Foreign exchange contracts: Non-interest income - Other . . . . . . . . . . . . . . . . . . . . . . (36) (35)
Income from continuing operations before income taxes . . 173 51
Income tax provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 20
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 31
Other:
Various (pension and other) . . . . . . . . . . . . . . . . . . . . . . 11 (13)
Income tax provision (benefit) . . . . . . . . . . . . . . . . . . . . 6(1)
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5(12)
Total reclassifications . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35 $ (21)
(1) The amortization of unrealized holding gains or losses reported in AOCI for securities held to maturity will be offset by the amortization of
the premium or discount created from the transfer into securities held to maturity, which occurred at fair value.
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CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)