Quarterly report [Sections 13 or 15(d)]

Derivatives - Narrative (Details)

v3.25.2
Derivatives - Narrative (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Derivative [Line Items]            
Shareholders’ equity $ 299,599 $ 293,892 $ 295,581 $ 295,559 $ 293,552 $ 291,646
Net loss in AOCI expected to be reclassified, after tax (2,300)          
Net loss in AOCI expected to be reclassified $ (3,100)          
Open cash flow hedge, forecasted transactions hedging period (in years) 4 years          
Terminated cash flow hedges, period forecasted transaction recognized in interest income (in years) 3 years          
Bank of America, N.A. and subsidiaries            
Derivative [Line Items]            
Collateral not yet posted $ 2,100          
Interest rate risk on long-term debt            
Derivative [Line Items]            
Decrease in liability 12,600     11,200    
Interest rate risk on AFS securities            
Derivative [Line Items]            
Available-for-sale securities from discontinued hedging relationships cumulative decrease 3,600     4,400    
Credit derivatives            
Derivative [Line Items]            
Cash and securities held as collateral 111,000     105,900    
Cash and securities collateral posted 95,700     83,100    
Collateral not yet posted 3,500          
Foreign Mortgage-backed Securities and Foreign Securities            
Derivative [Line Items]            
Transfer of mortgage-backed securities to third-party trust 3,900     3,900    
Gross cash proceeds from transfer of securities 3,900     3,900    
Fair value of derecognized assets 3,800     3,600    
Derivatives            
Derivative [Line Items]            
Shareholders’ equity (3,079) (7,746)   $ (5,588)   $ (8,016)
Pretax loss in accumulated OCI (4,100)          
Pretax losses reclassified from accumulated OCI 765 1,384        
Derivatives | Market making and similar activities            
Derivative [Line Items]            
Pretax losses reclassified from accumulated OCI $ 0 $ 59