Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
|
Mar. 31, 2025 |
Mar. 31, 2024 |
Dec. 31, 2024 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
$ 25
|
$ 11
|
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
| Balance, beginning |
(1,961)
|
(2,494)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
850
|
29
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
246
|
185
|
|
| Sales |
(377)
|
(336)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(43)
|
(248)
|
|
| Gross Transfers into Level 3 |
(254)
|
(141)
|
|
| Gross Transfers out of Level 3 |
9
|
337
|
|
| Balance, ending |
(1,530)
|
(2,668)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
$ 776
|
$ (6)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
|
| Gains (losses) in OCI |
$ 25
|
$ 11
|
|
| Derivative assets |
273,400
|
|
$ 308,100
|
| Derivative liabilities |
273,900
|
|
305,700
|
| Level 3 | Recurring |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Derivative assets |
3,467
|
3,800
|
3,562
|
| Derivative liabilities |
4,997
|
6,500
|
$ 5,523
|
| Trading account liabilities – Equity securities |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(10)
|
(12)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
3
|
0
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
3
|
0
|
|
| Sales |
0
|
(4)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
0
|
|
| Gross Transfers into Level 3 |
(3)
|
(14)
|
|
| Gross Transfers out of Level 3 |
2
|
2
|
|
| Balance, ending |
(5)
|
(28)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
3
|
0
|
|
| Trading account liabilities – Corporate securities and other |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(110)
|
(39)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(33)
|
(3)
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
(1)
|
(2)
|
|
| Sales |
(4)
|
0
|
|
| Issuances |
0
|
(1)
|
|
| Settlements |
10
|
8
|
|
| Gross Transfers into Level 3 |
(11)
|
(6)
|
|
| Gross Transfers out of Level 3 |
1
|
0
|
|
| Balance, ending |
(148)
|
(43)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(40)
|
(3)
|
|
| Short-term borrowings |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
|
(10)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
|
(1)
|
|
| Gains (losses) in OCI |
|
0
|
|
| Purchases |
|
0
|
|
| Sales |
|
0
|
|
| Issuances |
|
0
|
|
| Settlements |
|
2
|
|
| Gross Transfers into Level 3 |
|
0
|
|
| Gross Transfers out of Level 3 |
|
0
|
|
| Balance, ending |
|
(9)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
|
(1)
|
|
| Accrued expenses and other liabilities |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(89)
|
(21)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(7)
|
2
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
2
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
(94)
|
(19)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(7)
|
2
|
|
| Long-term debt |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(553)
|
(614)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(23)
|
13
|
|
| Gains (losses) in OCI |
10
|
(15)
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
123
|
6
|
|
| Gross Transfers into Level 3 |
0
|
(1)
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
(443)
|
(611)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(23)
|
13
|
|
| Total trading account assets |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
3,510
|
3,489
|
|
| Total realized and unrealized gains (losses) included in Net Income |
183
|
25
|
|
| Gains (losses) in OCI |
16
|
(10)
|
|
| Purchases |
673
|
291
|
|
| Sales |
(455)
|
(364)
|
|
| Issuances |
8
|
3
|
|
| Settlements |
(597)
|
(371)
|
|
| Gross Transfers into Level 3 |
341
|
281
|
|
| Gross Transfers out of Level 3 |
(202)
|
(96)
|
|
| Balance, ending |
3,477
|
3,248
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
102
|
(33)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
16
|
(10)
|
|
| Corporate securities, trading loans and other |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
1,814
|
1,689
|
|
| Total realized and unrealized gains (losses) included in Net Income |
122
|
7
|
|
| Gains (losses) in OCI |
1
|
(1)
|
|
| Purchases |
514
|
106
|
|
| Sales |
(346)
|
(57)
|
|
| Issuances |
8
|
3
|
|
| Settlements |
(304)
|
(324)
|
|
| Gross Transfers into Level 3 |
203
|
198
|
|
| Gross Transfers out of Level 3 |
(99)
|
(39)
|
|
| Balance, ending |
1,913
|
1,582
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
35
|
(21)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
1
|
(1)
|
|
| Equity securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
374
|
187
|
|
| Total realized and unrealized gains (losses) included in Net Income |
9
|
4
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
56
|
38
|
|
| Sales |
(13)
|
(22)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(105)
|
(3)
|
|
| Gross Transfers into Level 3 |
45
|
11
|
|
| Gross Transfers out of Level 3 |
(31)
|
(1)
|
|
| Balance, ending |
335
|
214
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
1
|
(2)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Non-U.S. sovereign debt |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
344
|
396
|
|
| Total realized and unrealized gains (losses) included in Net Income |
49
|
14
|
|
| Gains (losses) in OCI |
15
|
(9)
|
|
| Purchases |
16
|
11
|
|
| Sales |
0
|
(1)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(171)
|
(17)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
(11)
|
0
|
|
| Balance, ending |
242
|
394
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
49
|
14
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
15
|
(9)
|
|
| Mortgage trading loans, MBS and ABS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
978
|
1,217
|
|
| Total realized and unrealized gains (losses) included in Net Income |
3
|
0
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
87
|
136
|
|
| Sales |
(96)
|
(284)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(17)
|
(27)
|
|
| Gross Transfers into Level 3 |
93
|
72
|
|
| Gross Transfers out of Level 3 |
(61)
|
(56)
|
|
| Balance, ending |
987
|
1,058
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
17
|
(24)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Total AFS debt securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
611
|
376
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
9
|
|
| Gains (losses) in OCI |
2
|
47
|
|
| Purchases |
731
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(92)
|
(151)
|
|
| Gross Transfers into Level 3 |
0
|
62
|
|
| Gross Transfers out of Level 3 |
(240)
|
(1)
|
|
| Balance, ending |
1,010
|
342
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(2)
|
8
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
2
|
47
|
|
| Non-agency residential MBS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
247
|
273
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
8
|
|
| Gains (losses) in OCI |
0
|
47
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
(139)
|
|
| Gross Transfers into Level 3 |
0
|
62
|
|
| Gross Transfers out of Level 3 |
(240)
|
0
|
|
| Balance, ending |
7
|
251
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
8
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
47
|
|
| Commercial MBS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
328
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
|
|
| Gains (losses) in OCI |
3
|
|
|
| Purchases |
225
|
|
|
| Sales |
0
|
|
|
| Issuances |
0
|
|
|
| Settlements |
(90)
|
|
|
| Gross Transfers into Level 3 |
0
|
|
|
| Gross Transfers out of Level 3 |
0
|
|
|
| Balance, ending |
464
|
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(2)
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
3
|
|
|
| Non-U.S. and other taxable securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
36
|
103
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
1
|
|
| Gains (losses) in OCI |
(1)
|
0
|
|
| Purchases |
506
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(2)
|
(12)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
(1)
|
|
| Balance, ending |
539
|
91
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
(1)
|
0
|
|
| Other debt securities carried at fair value – Non-agency residential MBS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
149
|
69
|
|
| Total realized and unrealized gains (losses) included in Net Income |
2
|
5
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(1)
|
(20)
|
|
| Gross Transfers into Level 3 |
0
|
17
|
|
| Gross Transfers out of Level 3 |
(99)
|
0
|
|
| Balance, ending |
51
|
71
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(1)
|
5
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Loans and leases |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
82
|
93
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
0
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
1
|
|
| Settlements |
(2)
|
(4)
|
|
| Gross Transfers into Level 3 |
44
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
125
|
90
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
1
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Loans held-for-sale |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
132
|
164
|
|
| Total realized and unrealized gains (losses) included in Net Income |
13
|
(2)
|
|
| Gains (losses) in OCI |
2
|
(1)
|
|
| Purchases |
0
|
0
|
|
| Sales |
(14)
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(10)
|
(12)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
123
|
149
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
5
|
(3)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
2
|
(1)
|
|
| Other assets |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
1,969
|
1,657
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(18)
|
55
|
|
| Gains (losses) in OCI |
8
|
(11)
|
|
| Purchases |
32
|
2
|
|
| Sales |
0
|
0
|
|
| Issuances |
37
|
46
|
|
| Settlements |
(69)
|
(82)
|
|
| Gross Transfers into Level 3 |
0
|
1
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
1,959
|
1,668
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(35)
|
34
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
$ 8
|
$ (11)
|
|