BB&T 2009 Annual Report Download - page 129

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BB&T CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
As of December 31, 2009, unrealized net losses on securities available for sale included $114 million of pre-tax
losses related to other-than-temporarily impaired non-agency mortgage-backed securities where a portion of the
loss was recognized in net income.
The following tables reflect the components of total comprehensive income for the years ended December 31,
2009, 2008 and 2007.
December 31, 2009
Pre-Tax Tax Effect After-Tax
Comprehensive income:
Net income $1,036 $159 $ 877
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on
securities available for sale 353 130 223
Reclassification adjustment for losses (gains) on securities available for
sale included in net income (199) (75) (124)
Net change in amounts attributable to the FDIC under the loss share
agreements (30) (11) (19)
Net change in unrecognized gains (losses) on cash flow hedges 97 38 59
Net change in foreign currency translation adjustment 2 (5) 7
Net change in pension and postretirement liability 273 104 169
Total comprehensive income $1,532 $340 $1,192
December 31, 2008
Pre-Tax Tax Effect After-Tax
Comprehensive income:
Net income $ 2,079 $ 550 $ 1,529
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on
securities available for sale (365) (136) (229)
Reclassification adjustment for losses (gains) on securities available for
sale included in net income (107) (40) (67)
Net change in unrecognized gains (losses) on cash flow hedges 76 28 48
Net change in foreign currency translation adjustment (12) — (12)
Net change in pension and postretirement liability (593) (225) (368)
Total comprehensive income $ 1,078 $ 177 $ 901
December 31, 2007
Pre-Tax Tax Effect After-Tax
Comprehensive income:
Net income $2,582 $836 $1,746
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on
securities available for sale 343 124 219
Reclassification adjustment for losses (gains) on securities available for
sale included in net income 3 1 2
Net change in foreign currency translation adjustment 3 — 3
Net change in pension and postretirement liability 53 22 31
Total comprehensive income $2,984 $983 $2,001
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