Bank of America Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Cover
- Cover Page
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details)

v3.25.0.1

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Hedged liability, long-term debt, carrying value	$ 188,202	$ 203,986
Hedged liability, long-term debt, cumulative fair value adjustments	(7,263)	(5,767)
Amortized cost basis of portfolios used in hedging relationships	34,800	39,100
Hedged asset, portfolio layer	26,100	22,500
Cumulative basis adjustments, increase (decrease), hedging relationships	(435)	48
AFS securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	244,664	134,077
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(4,764)	(1,793)
Trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	3,639	7,475
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	$ 101	$ 414

- Definition

Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount

+ References

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Amount of asset hedged in fair value hedging relationship.

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