PNC Bank 2006 Annual Report Download - page 121

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N
OTE
22 O
THER
C
OMPREHENSIVE
I
NCOME
Details of other comprehensive income (loss) are as follows
(in millions):
Pretax Tax After-tax
Net unrealized securities gains (losses)
Balance at January 1, 2004 $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)
2006 activity
Increase in net unrealized gains for
securities held at year-end 129 (46) 83
Less: net losses realized in net income (a) (101) 35 (66)
Net unrealized securities gains 230 (81) 149
Balance at December 31, 2006 $(91)
(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, 2004 $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)
2006 activity
Increase in net unrealized gains on cash flow
hedge derivatives 13 (5) 8
Less: net gains realized in net income (7) 2 (5)
Net unrealized losses on cash flow hedge
derivatives 20 (7) 13
Balance at December 31, 2006 $(13)
Pension, other postretirement and
postemployment benefit plan
adjustments
Balance at January 1, 2004 $(14)
2004 activity $(2) $1 (1)
Balance at December 31, 2004 (15)
2005 activity
Balance at December 31, 2005 (15)
2006 Activity
SFAS 87 adjustment (2) 1 (1)
SFAS 158 adjustment, net (203) 71 (132)
Total 2006 activity (205) 72 (133)
Balance at December 31, 2006 $(148)
Other (b)
Balance at January 1, 2004 $23
2004 activity $(3) $1 (2)
Balance at December 31, 2004 21
2005 activity (11) 4 (7)
Balance at December 31, 2005 14
2006 Activity 6(3) 3
Balance at December 31, 2006 $17
(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 2006 2005
Net unrealized securities gains (losses) $(91) $(240)
Net unrealized gains (losses) on cash flow hedge
derivatives (13) (26)
Pension, other postretirement and
postemployment benefit plan adjustments (148) (15)
Other 17 14
Accumulated other comprehensive income (loss) $(235) $(267)
111