Fifth Third Bank 2014 Annual Report Download - page 146

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
144 Fifth Third Bancorp
The table below presents reclassifications out of AOCI for the years ended December 31:
Affected Line Item in the
Components of AOCI: ($ in millions) Consolidated Statements of Income 2014 2013
Net unrealized gains on available-for-sale securities:(b)
Net gains (losses) included in net income Securities gains, net $ 37 (6)
Income before income taxes 37 (6)
A
pplicable income tax expense (13) 2
Net income 24 (4)
Net unrealized gains on cash flow hedge derivatives:(b)
Interest rate contracts related to C&I loans Interest and fees on loans and leases 44 45
Interest rate contracts related to long-term debt Interest on long-term debt - (1)
Income before income taxes 44 44
A
pplicable income tax expense (15) (15)
Net income 29 29
Net periodic benefit costs:(b)
A
mortization of net actuarial loss Employee benefits expense (a) (7) (11)
Settlements Employee benefits expense (a) (5) (5)
Income before income taxes (12) (16)
A
pplicable income tax expense 4 6
Net income (8) (10)
Total reclassifications for the period Net income $ 45 15
(a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 21 for information on the computation of net periodic benefit cost.
(b) Amounts in parentheses indicate reductions to net income.