Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 32

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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ected Line Item in the Consolidated Statements of Operations(dollars in millions)20252024Economic hedge type:Customer interest rate contracts$165 ($494)Foreign exchange and derivative productsDerivatives hedging interest rate risk(157)503 Foreign exchange and derivative productsCustomer foreign exchange contracts98 (110)Foreign exchange and derivative productsDerivatives hedging foreign exchange risk(131)145 Foreign exchange and derivative productsCustomer commodity contracts343 35 Foreign exchange and derivative productsDerivatives hedging commodity price risk(336)(32)Foreign exchange and derivative productsResidential loan commitments6 (2)Mortgage banking feesDerivatives hedging residential loan commitments and mortgage loans held for sale, at fair value(13)3 Mortgage banking feesDerivative contracts used to hedge residential MSRs22 (38)Mortgage banking feesTotal($3)$10 

Citizens Financial Group, Inc. | 59

NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in the balances, net of income taxes, of each component of AOCI:As of and for the Three Months Ended March 31,(dollars in millions)Net Unrealized Gains (Losses) on Cash Flow HedgesNet Unrealized Gains (Losses) on Investment SecuritiesDefined Benefit PlansTotal AOCIBalance at January 1, 2024($1,087)($2,338)($333)($3,758)Other comprehensive income (loss) before reclassifications(405)(173)4 (574)Amounts reclassified to the Consolidated Statements of Operations149 14 5 168 Net other comprehensive income (loss)(256)(159)9 (406)Balance at March 31, 2024($1,343)($2,497)($324)($4,164)Balance at January 1, 2025($925)($2,369)($301)($3,595)Other comprehensive income (loss) before reclassifications208 282 — 490 Amounts reclassified to the Consolidated Statements of Operations148 13 3 164 Net other comprehensive income (loss)356 295 3 654 Balance at March 31, 2025($569)($2,074)($298)($2,941)Primary location in the Consolidated Statements of Operations of amounts re