PNC Bank 2005 Annual Report Download - page 107

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NOTE 22 OTHER COMPREHENSIVE INCOME
Details of other comprehensive income (loss) are as follows (in
millions):
Pretax Tax After-tax
Net unrealized securities gains
(losses)
Balance at January 1, 2003 $179
2003 activity
Increase in net unrealized losses
for securities held at year-end $(159) $55 (104)
Less: net gains realized in net
income (a) 111 (39) 72
Net unrealized securities losses (270) 94 (176)
Balance at December 31, 2003 3
2004 activity
Increase in net unrealized losses
for securities held at year-end (56) 20 (36)
Less: net gains realized in net
income (a) 50 (17) 33
Net unrealized securities losses (106) 37 (69)
Balance at December 31, 2004 (66)
2005 activity
Increase in net unrealized losses
for securities held at year-end (312) 109 (203)
Less: net losses realized in net
income (a) (44) 15 (29)
Net unrealized securities losses (268) 94 (174)
Balance at December 31, 2005 $(240)
(a) Pretax amounts represent net unrealized gains (losses) as of the
prior year-end date that were realized in the subsequent year when
the related securities were sold. These amounts differ from net
securities gains included in the Consolidated Income Statement
primarily because they do not include gains or losses realized on
securities that were purchased and then sold during the same year.
Pretax Tax After-tax
Net unrealized gains (losses) on cash
flow hedge derivatives
Balance at January 1, 2003 $135
2003 activity
Increase in net unrealized losses
on cash flow hedge derivatives $(69)
$24 (45)
Less: net gains realized in net
income 65 (23) 42
Net unrealized losses on cash
flow hedge derivatives (134) 47 (87)
Balance at December 31, 2003 48
2004 activity
Increase in net unrealized losses
on cash flow hedge derivatives (30) 11 (19)
Less: net gains realized in net
income 35 (12) 23
Net unrealized losses on cash
flow hedge derivatives (65) 23 (42)
Balance at December 31, 2004 6
2005 activity
Increase in net unrealized losses
on cash flow hedge derivatives (49) 17 (32)
Less: net gains realized in net
income
Net unrealized losses on cash
flow hedge derivatives (49) 17 (32)
Balance at December 31, 2005 $(26)
Minimum pension liability
adjustment
Balance at January 1, 2003 $(14)
2003 activity
Balance at December 31, 2003 (14)
2004 activity $(2) $1 (1)
Balance at December 31, 2004 (15)
2005 activity
Balance at December 31, 2005 $(15)
Other (b)
Balance at January 1, 2003 $21
2003 activity $3 $(1) 2
Balance at December 31, 2003 23
2004 activity (3) 1 (2)
Balance at December 31, 2004 21
2005 activity (11) 4 (7)
Balance at December 31, 2005 $14
(b) Consists of interest-only strip valuation adjustments and foreign
currency translation adjustments.
The accumulated balances related to each component of other
comprehensive income (loss) are as follows:
December 31
–
in millions
2005
2004
Net unrealized securities gains (losses) $(240) $(66)
Net unrealized gains (losses) on cash flow
hedge derivatives (26) 6
Minimum pension liability adjustment (15) (15)
Other 14 21
Accumulated other comprehensive income
(loss) $(267) $(54)