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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 08/05/2016
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Accumulated Other Comprehensive Income (Loss)
The following table summarizes changes to accumulated OCI for the three and six months ended June 30, 2016 and 2015 (in millions):
Accumulated Other Comprehensive Income (Loss)
 
Net Unrealized Gain (Loss) on Available-for-Sale MBS
 
Net Unrealized Gain (Loss) on Swaps
 
Total Accumulated
OCI
Balance
Three Months Ended June 30, 2016
 
 
 
 
 
 
Balance as of March 31, 2016
 
$
738

 
$
(20
)
 
$
718

OCI before reclassifications
 
425

 

 
425

Amounts reclassified from accumulated OCI
 
(55
)
 
12

 
(43
)
Balance as of June 30, 2016
 
$
1,108

 
$
(8
)
 
$
1,100

 
 
 
 
 
 
 
Three Months Ended June 30, 2015
 
 
 
 
 
 
Balance as of March 31, 2015
 
$
961

 
$
(111
)
 
$
850

OCI before reclassifications
 
(894
)
 

 
(894
)
Amounts reclassified from accumulated OCI
 
22

 
26

 
48

Balance as of June 30, 2015
 
$
89

 
$
(85
)
 
$
4

 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
Balance as of December 31, 2015
 
$
(27
)
 
$
(39
)
 
$
(66
)
OCI before reclassifications
 
1,188

 

 
1,188

Amounts reclassified from accumulated OCI
 
(53
)
 
31

 
(22
)
Balance as of June 30, 2016
 
$
1,108

 
$
(8
)
 
$
1,100

 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
 
 
 
 
 
Balance as of December 31, 2014
 
$
570

 
$
(140
)
 
$
430

OCI before reclassifications
 
(467
)
 

 
(467
)
Amounts reclassified from accumulated OCI
 
(14
)
 
55

 
41

Balance as of June 30, 2015
 
$
89

 
$
(85
)
 
$
4

The following table summarizes reclassifications out of accumulated OCI for the three and six months ended June 30, 2016 and 2015 (in millions):
 
 
Three Months Ended June 30,
 
Line Item in the Consolidated
Statements of Comprehensive Income
Where Net Income is Presented
Amounts Reclassified from Accumulated OCI
 
2016
 
2015
 
(Gain) loss amounts reclassified from accumulated OCI for available-for-sale MBS upon realization
 
$
(55
)
 
$
22

 
Gain (loss) on sale of mortgage-backed securities, net
Periodic interest costs of interest rate swaps previously designated as hedges under GAAP, net
 
12

 
26

 
Interest expense
     Total reclassifications
 
$
(43
)
 
$
48

 
 
 
 
Six Months Ended June 30,
 
Line Item in the Consolidated
Statements of Comprehensive Income
Where Net Income is Presented
Amounts Reclassified from Accumulated OCI
 
2016
 
2015
 
(Gain) loss amounts reclassified from accumulated OCI for available-for-sale MBS upon realization
 
$
(53
)
 
$
(14
)
 
Gain (loss) on sale of mortgage-backed securities, net
Periodic interest costs of interest rate swaps previously designated as hedges under GAAP, net
 
31

 
55

 
Interest expense
     Total reclassifications
 
$
(22
)
 
$
41

 
 


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