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]

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- Cover Page
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
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Notes Tables
Notes Details

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details)

v3.25.0.1

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) excluded from effectiveness testing and recognized in market making and similar activities	$ 252	$ 195	$ (38)
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	418	2,049	(13,709)
Gains (Losses) in Income Reclassified from Accumulated OCI	(2,800)	(3,153)	(298)
Interest rate risk on variable-rate portfolios \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	389	1,995	(13,492)
Gains (Losses) in Income Reclassified from Accumulated OCI	(2,826)	(3,176)	(338)
Price risk on forecasted MBS purchases \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	0	6	(129)
Gains (Losses) in Income Reclassified from Accumulated OCI	(9)	(2)	11
Price risk on certain compensation plans \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	29	48	(88)
Gains (Losses) in Income Reclassified from Accumulated OCI	35	25	29
Foreign exchange risk \| Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	2,624	(808)	1,710
Gains (Losses) in Income Reclassified from Accumulated OCI	$ (146)	$ 143	$ 3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
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-Section 50
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The net gain (loss) relating to components of the gain (loss) on the cash flow hedging instrument excluded from the assessment of cash flow hedge effectiveness. Recognized in earnings.

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Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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Amount, after tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.

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