NOTE 11. AOCI
Year Ended December 31, 2013 | Unrecognized Net Pension and Postretirement Costs | Unrealized Net Gains (Losses) on Cash Flow Hedges | Unrealized Net Gains (Losses) on AFS Securities | FDIC's Share of Unrealized (Gains) Losses on AFS Securities | Other, net | Total | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||
AOCI balance, January 1, 2013 | $ | (714) | $ | (173) | $ | 598 | $ | (256) | $ | (14) | $ | (559) | ||||||||||
OCI before reclassifications, net of tax | 354 | 127 | (669) | (18) | (2) | (208) | ||||||||||||||||
Amounts reclassified from AOCI: | ||||||||||||||||||||||
Personnel expense | 91 | ― | ― | ― | ― | 91 | ||||||||||||||||
Interest income | ― | ― | 97 | ― | 2 | 99 | ||||||||||||||||
Interest expense | ― | 77 | ― | ― | ― | 77 | ||||||||||||||||
FDIC loss share income, net | ― | ― | ― | 63 | ― | 63 | ||||||||||||||||
Securities (gains) losses, net | ― | ― | (51) | ― | ― | (51) | ||||||||||||||||
Total before income taxes | 91 | 77 | 46 | 63 | 2 | 279 | ||||||||||||||||
Less: Income taxes | 34 | 29 | 17 | 24 | 1 | 105 | ||||||||||||||||
Net of income taxes | 57 | 48 | 29 | 39 | 1 | 174 | ||||||||||||||||
Net change in AOCI | 411 | 175 | (640) | 21 | (1) | (34) | ||||||||||||||||
AOCI balance, December 31, 2013 | $ | (303) | $ | 2 | $ | (42) | $ | (235) | $ | (15) | $ | (593) |
Year Ended December 31, 2012 | Unrecognized Net Pension and Postretirement Costs | Unrealized Net Gains (Losses) on Cash Flow Hedges | Unrealized Net Gains (Losses) on AFS Securities | FDIC's Share of Unrealized (Gains) Losses on AFS Securities | Other, net | Total | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||
AOCI balance, January 1, 2012 | $ | (603) | $ | (159) | $ | 263 | $ | (195) | $ | (19) | $ | (713) | ||||||||||
OCI before reclassifications, net of tax | (158) | (52) | 280 | (113) | ― | (43) | ||||||||||||||||
Amounts reclassified from AOCI: | ||||||||||||||||||||||
Personnel expense | 76 | ― | ― | ― | ― | 76 | ||||||||||||||||
Interest income | ― | (11) | 76 | ― | 8 | 73 | ||||||||||||||||
Interest expense | ― | 72 | ― | ― | ― | 72 | ||||||||||||||||
FDIC loss share income, net | ― | ― | ― | 83 | ― | 83 | ||||||||||||||||
Securities (gains) losses, net | ― | ― | 12 | ― | ― | 12 | ||||||||||||||||
Total before income taxes | 76 | 61 | 88 | 83 | 8 | 316 | ||||||||||||||||
Less: Income taxes | 29 | 23 | 33 | 31 | 3 | 119 | ||||||||||||||||
Net of income taxes | 47 | 38 | 55 | 52 | 5 | 197 | ||||||||||||||||
Net change in AOCI | (111) | (14) | 335 | (61) | 5 | 154 | ||||||||||||||||
AOCI balance, December 31, 2012 | $ | (714) | $ | (173) | $ | 598 | $ | (256) | $ | (14) | $ | (559) |
Year Ended December 31, 2011 | Unrecognized Net Pension and Postretirement Costs | Unrealized Net Gains (Losses) on Cash Flow Hedges | Unrealized Net Gains (Losses) on AFS Securities | FDIC's Share of Unrealized (Gains) Losses on AFS Securities | Other, net | Total | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||
AOCI balance, January 1, 2011 | $ | (368) | $ | (47) | $ | (157) | $ | (176) | $ | 1 | $ | (747) | ||||||||||
Transfers | ― | ― | 21 | ― | (21) | ― | ||||||||||||||||
OCI before reclassifications, net of tax | (256) | (141) | 440 | (50) | (3) | (10) | ||||||||||||||||
Amounts reclassified from AOCI: | ||||||||||||||||||||||
Personnel expense | 34 | ― | ― | ― | ― | 34 | ||||||||||||||||
Interest income | ― | (26) | (4) | ― | 6 | (24) | ||||||||||||||||
Interest expense | ― | 72 | ― | ― | ― | 72 | ||||||||||||||||
FDIC loss share income, net | ― | ― | ― | 50 | ― | 50 | ||||||||||||||||
Securities (gains) losses, net | ― | ― | (62) | ― | ― | (62) | ||||||||||||||||
Total before income taxes | 34 | 46 | (66) | 50 | 6 | 70 | ||||||||||||||||
Less: Income taxes | 13 | 17 | (25) | 19 | 2 | 26 | ||||||||||||||||
Net of income taxes | 21 | 29 | (41) | 31 | 4 | 44 | ||||||||||||||||
Net change in AOCI | (235) | (112) | 420 | (19) | (20) | 34 | ||||||||||||||||
AOCI balance, December 31, 2011 | $ | (603) | $ | (159) | $ | 263 | $ | (195) | $ | (19) | $ | (713) |