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Notes to Consolidated Financial Statements, continued
155
NOTE 21 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
Components of AOCI, net of tax, were calculated as follows:
(Dollars in millions) Securities AFS
Derivative
Instruments
Employee
Benefit Plans Total
Year Ended December 31, 2015
Balance, beginning of period $298 $97 ($517) ($122)
Net unrealized (losses)/gains arising during the period (150) 154 — 4
Amounts reclassified from AOCI (13) (164) (165) (342)
Other comprehensive loss, net of tax (163) (10) (165) (338)
Balance, end of period $135 $87 ($682) ($460)
Year Ended December 31, 2014
Balance, beginning of period ($77) $279 ($491) ($289)
Net unrealized gains arising during the period 366 62 — 428
Amounts reclassified from AOCI 9 (244) (26) (261)
Other comprehensive income/(loss), net of tax 375 (182) (26) 167
Balance, end of period $298 $97 ($517) ($122)
Year Ended December 31, 2013
Balance, beginning of period $520 $532 ($743) $309
Net unrealized (losses)/gains arising during the period (596) 10 — (586)
Amounts reclassified from AOCI (1) (263) 252 (12)
Other comprehensive (loss)/income, net of tax (597) (253) 252 (598)
Balance, end of period ($77) $279 ($491) ($289)
Reclassifications from AOCI, and the related tax effects, were as follows:
(Dollars in millions) Year Ended December 31 Affected Line Item in the Statement
Where Net Income is PresentedDetails About AOCI Components 2015 2014 2013
Securities AFS:
Realized (gains)/losses on securities AFS ($21) $15 ($2) Net securities gains/(losses)
Tax effect 8(6) 1 Provision for income taxes
(13) 9 (1)
Derivative Instruments:
Realized gains on cash flow hedges (261) (387) (417) Interest and fees on loans
Tax effect 97 143 154 Provision for income taxes
(164) (244) (263)
Employee Benefit Plans:
Amortization of prior service credit (6) (6) — Employee benefits
Amortization of actuarial loss 21 16 26 Employee benefits
Adjustment to funded status of employee benefit obligation (283) (51) 373 Other assets/other liabilities
(268) (41) 399
Tax effect 103 15 (147) Provision for income taxes
(165) (26) 252
Total reclassifications from AOCI ($342) ($261) ($12)