SunTrust 2014 Annual Report Download - page 185

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Notes to Consolidated Financial Statements, continued
162
NOTE 21 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
AOCI was calculated as follows:
(Dollars in millions) Pre-tax
Amount
Income Tax
(Expense)/
Benefit After-tax
Amount
AOCI, January 1, 2012 $2,744 ($995) $1,749
Unrealized gains on AFS securities:
Unrealized net gains 198 (72) 126
Less: Reclassification adjustment for realized net gains 1(2,279) 810 (1,469)
Unrealized gains on cash flow hedges:
Unrealized net gains 81 (28) 53
Less: Reclassification adjustment for realized net gains (143) 53 (90)
Change related to employee benefit plans (95) 35 (60)
AOCI, December 31, 2012 506 (197) 309
Unrealized (losses)/gains on AFS securities:
Unrealized net losses (944) 348 (596)
Less: Reclassification adjustment for realized net gains (2) 1 (1)
Unrealized gains on cash flow hedges:
Unrealized net gains 16 (6) 10
Less: Reclassification adjustment for realized net gains (417) 154 (263)
Change related to employee benefit plans 399 (147) 252
AOCI, December 31, 2013 (442) 153 (289)
Unrealized gains/(losses) on AFS securities:
Unrealized net gains 578 (212) 366
Less: Reclassification adjustment for realized net losses 15 (6) 9
Unrealized gains on cash flow hedges:
Unrealized net gains 99 (37) 62
Less: Reclassification adjustment for realized net gains (387) 143 (244)
Change related to employee benefit plans (41) 15 (26)
AOCI, December 31, 2014 ($178) $56 ($122)
1 Excludes $305 million of losses related to derivatives associated with The Coca-Cola Company Agreements termination that was recorded in securities gains on
the Consolidated Statements of Income.
The reclassification from AOCI consisted of the following:
(Dollars in millions) Year Ended December 31 Affected line item in the Consolidated
Statements of Income
Details about AOCI components 2014 2013 2012
Realized losses/(gains) on AFS securities:
$15 ($2) ($2,279) Net securities (losses)/gains
(6) 1 810 Provision for income taxes
$9 ($1) ($1,469)
Gains on cash flow hedges:
($387) ($417) ($143) Interest and fees on loans
143 154 53 Provision for income taxes
($244) ($263) ($90)
Change related to employee benefit plans:
Amortization of actuarial losses $10 $26 $27 Employee benefits
(51) 373 (122) Other assets/other liabilities 1
(41) 399 (95)
15 (147) 35 Provision for income taxes
($26) $252 ($60)
1 This AOCI component is recognized as an adjustment to the funded status of employee benefit plans in the Company's Consolidated Balance Sheets. (For additional
information, see Note 15, "Employee Benefit Plans.")