| Accumulated Other Comprehensive Loss The following table summarizes the changes in AOCL, net of tax, for the periods presented:
| | | | | | | | | | | | | | | | | | | | | | | | | Securities AFS | | Cash Flow Hedges | | Pension and Post-retirement Plans | | Total | Balance as of December 31, 2022 | $ | (626) | | | $ | 52 | | | $ | (46) | | | $ | (620) | | Other comprehensive income (loss) before reclassification, net of tax | 45 | | 6 | | 12 | | 63 | Amounts reclassified from AOCL to (income)/expense, net of tax | — | | (48) | | 6 | | (42) | Other comprehensive income (loss), net of tax | 45 | | (42) | | 18 | | 21 | Balance as of December 31, 2023 | $ | (581) | | | $ | 10 | | | $ | (28) | | | $ | (599) | | Other comprehensive income (loss) before reclassification, net of tax | (72) | | 106 | | (8) | | 26 | Amounts reclassified from AOCL to (income)/expense, net of tax | — | | (69) | | 2 | | (67) | Other comprehensive income (loss), net of tax | (72) | | 37 | | (6) | | (41) | Balance as of December 31, 2024 | $ | (653) | | | $ | 47 | | | $ | (34) | | | $ | (640) | | Other comprehensive income (loss) before reclassification, net of tax | 186 | | — | | 10 | | 196 | Amounts reclassified from AOCL to (income)/expense, net of tax | — | | (47) | | 2 | | (45) | Other comprehensive income (loss), net of tax | 186 | | (47) | | 12 | | 151 | Balance as of December 31, 2025 | $ | (467) | | | $ | — | | | $ | (22) | | | $ | (489) | |
We had $47 million of unrealized gains related to terminated cash flow hedges recorded in AOCL at December 31, 2024. All net unrealized gains related to the terminated cash flow hedges were reclassified into earnings during the year ended December 31, 2025, see Note 15 - Derivative and Hedging Activities.
The following table sets forth the amounts reclassified out of accumulated other comprehensive loss:
| | | | | | | | | | | | | | | | | | | | | | Amount Reclassified out of AOCL | Affected Line Item in the Consolidated Statements of (Loss) Income | | 2025 | | 2024 | | 2023 | | | | | | | | | | | | | | | | | | | | | | | Cash Flow Hedges: | | | | | | | Realized gain on cash flow hedges | $ | 64 | | | $ | 93 | | | $ | 65 | | Interest expense - Borrowed funds | Tax benefit (expense) | (17) | | | (24) | | | (17) | | Income tax (benefit) | | $ | 47 | | | $ | 69 | | | $ | 48 | | | Pension and Post-retirement Plans: | | | | | | | | | | | | | | Amortization of actuarial losses | (3) | | | (3) | | | (7) | | General and administrative | Tax benefit (expense) | 1 | | | 1 | | | 1 | | Income tax (benefit) | | $ | (2) | | | $ | (2) | | | $ | (6) | | | Amounts reclassified from AOCL, net of tax | $ | 45 | | | $ | 67 | | | $ | 42 | | |
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