FIFTH THIRD BANCORP | 2013 | FY | 3


22. Accumulated other comprehensive income

 

The activity of the components of other comprehensive income and accumulated other comprehensive income for the years ended December 31:
               
   Total Other Total Accumulated Other 
   Comprehensive Income Comprehensive Income 
   PretaxTaxNetBeginningNetEnding
($ in millions) ActivityEffectActivityBalanceActivityBalance
2013             
Unrealized holding losses on available-for-sale securities arising              
 during period$(454) 159 (295)       
Reclassification adjustment for net losses included in net income 6 (2) 4       
Net unrealized gains (losses) on available-for-sale securities (448) 157 (291) 412 (291) 121 
               
Unrealized holding losses on cash flow hedge derivatives arising             
 during period (13) 5 (8)       
Reclassification adjustment for net gains on cash flow             
 hedge derivatives included in net income (44) 15 (29)       
Net unrealized gains (losses) on cash flow hedge derivatives (57) 20 (37) 50 (37) 13 
               
Net actuarial gain arising during the period 38 (13) 25       
Reclassification of amounts to net periodic benefit costs 16 (6) 10       
Defined benefit plans, net 54 (19) 35 (87) 35 (52) 
Total$(451) 158 (293) 375 (293) 82 

2012             
Unrealized holding losses on available-for-sale securities arising              
 during period$(97) 34 (63)       
Reclassification adjustment for net gains included in net income (15) 5 (10)       
Net unrealized gains (losses) on available-for-sale securities (112) 39 (73) 485 (73) 412 
               
Unrealized holding gains on cash flow hedge derivatives arising             
 during period 37 (13) 24       
Reclassification adjustment for net gains on cash flow             
 hedge derivatives included in net income (83) 29 (54)       
Net unrealized gains (losses) on cash flow hedge derivatives (46) 16 (30) 80 (30) 50 
               
Net actuarial loss arising during the period (7) 2 (5)       
Reclassification of amounts to net periodic benefit costs 20 (7) 13       
Defined benefit plans, net 13 (5) 8 (95) 8 (87) 
Total$(145) 50 (95) 470 (95) 375 

2011             
Unrealized holding gains on available-for-sale securities arising              
 during period$309 (108) 201       
Reclassification adjustment for net gains included in net income (56) 19 (37)       
Net unrealized gains (losses) on available-for-sale securities 253 (89) 164 321 164 485 
               
Unrealized holding gains on cash flow hedge derivatives arising             
 during period 89 (31) 58       
Reclassification adjustment for net gains on cash flow             
 hedge derivatives included in net income (69) 24 (45)       
Net unrealized gains (losses) on cash flow hedge derivatives 20 (7) 13 67 13 80 
               
Net actuarial loss arising during the period (50) 17 (33)       
Reclassification of amounts to net periodic benefit costs 18 (6) 12       
Defined benefit plans, net (32) 11 (21) (74) (21) (95) 
Total$241 (85) 156 314 156 470 

The table below presents reclassifications out of accumulated other comprehensive income for the year ended December 31, 2013:
       
    Amount Reclassified Affected Line Item in the
Components of AOCI: ($ in millions)  from AOCI(b) Consolidated Statements of Income
       
Net unrealized gains on available-for-sale securities     
 Net losses included in net income $ (6) Securities gains, net
     (6) Income before income taxes
     2 Applicable income tax expense
     (4) Net income
       
Net unrealized gains on cash flow hedge derivatives     
 Interest rate contracts related to C&I loans   45 Interest and fees on loans and leases
 Interest rate contracts related to long-term debt   (1) Interest on long-term debt
     44 Income before income taxes
     (15) Applicable income tax expense
     29 Net income
       
Net periodic benefit costs      
 Amortization of net actuarial loss   (11) Employee benefits expense (a)
 Settlements   (5) Employee benefits expense (a)
     (16) Income before income taxes
     6 Applicable income tax expense
     (10) Net income
       
Total reclassifications for the period $ 15 Net income


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