v3.24.4
Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
Changes in each component of AOCI were as follows (dollars in millions):
Unrealized (Losses) Gains on Available-for-Sale Investment Securities, Net of TaxLosses on Cash Flow Hedges, Net of TaxLosses on Pension Plan, Net of TaxAOCI
For the Year Ended December 31, 2023
Balance at December 31, 2022$(136)$(14)$(189)$(339)
Net change
99 6 9 114 
Balance at December 31, 2023$(37)$(8)$(180)$(225)
For the Year Ended December 31, 2022
Balance at December 31, 2021$114 $(9)$(199)$(94)
Net change
(250)(5)10 (245)
Balance at December 31, 2022$(136)$(14)$(189)$(339)
For the Year Ended December 31, 2021
Balance at December 31, 2020$284 $(12)$(227)$45 
Net change
(170)3 28 (139)
Balance at December 31, 2021$114 $(9)$(199)$(94)
Schedule of Other Comprehensive Income Before Reclassifications and Amounts Reclassified from AOCI
The following table presents each component of OCI before reclassifications and amounts reclassified from AOCI for each component of OCI before- and after-tax (dollars in millions):
Before TaxTax (Expense) BenefitNet of Tax
For the Year Ended December 31, 2023
Available-for-Sale Investment Securities
Net unrealized holding gains arising during the period$131 $(32)$99 
Net change$131 $(32)$99 
Cash Flow Hedges
Net unrealized losses arising during the period$(74)$18 $(56)
Amounts reclassified from AOCI82 (20)62 
Net change$8 $(2)$6 
Pension Plan
Unrealized gains arising during the period$12 $(3)$9 
Net change$12 $(3)$9 
For the Year Ended December 31, 2022
Available-for-Sale Investment Securities
Net unrealized holding losses arising during the period$(331)$81 $(250)
Net change$(331)$81 $(250)
Cash Flow Hedges
Net unrealized losses arising during the period$(13)$3 $(10)
Amounts reclassified from AOCI4 1 5 
Net change$(9)$4 $(5)
Pension Plan
Unrealized gains arising during the period$13 $(3)$10 
Net change$13 $(3)$10 
For the Year Ended December 31, 2021
Available-for-Sale Investment Securities
Net unrealized holding losses arising during the period$(226)$56 $(170)
Net change$(226)$56 $(170)
Cash Flow Hedges
Net unrealized losses arising during the period$(1)$1 $— 
Amounts reclassified from AOCI3 — 3 
Net change$2 $1 $3 
Pension Plan
Unrealized gains arising during the period$37 $(9)$28 
Net change$37 $(9)$28