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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating activities | ||
| Net income (loss) | $ 3,357us-gaap_NetIncomeLoss | $ (276)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Provision for credit losses | 765us-gaap_ProvisionForLoanLeaseAndOtherLosses | 1,009us-gaap_ProvisionForLoanLeaseAndOtherLosses |
| Gains on sales of debt securities | (268)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments | (377)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments |
| Depreciation and premises improvements amortization | 395bac_DepreciationandAmortizationofPremiseImprovements | 390bac_DepreciationandAmortizationofPremiseImprovements |
| Amortization of intangibles | 213us-gaap_AmortizationOfIntangibleAssets | 239us-gaap_AmortizationOfIntangibleAssets |
| Net amortization of premium/discount on debt securities | 978us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 667us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
| Deferred income taxes | 228us-gaap_DeferredIncomeTaxExpenseBenefit | (732)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Loans held-for-sale: | ||
| Originations and purchases | (10,587)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale | (10,024)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 11,213bac_ProceedsfromSalesandPaydownsofLoansOriginallyClassifiedasHeldforSale | 8,026bac_ProceedsfromSalesandPaydownsofLoansOriginallyClassifiedasHeldforSale |
| Net change in: | ||
| Trading and derivative instruments | 3,222bac_IncreaseDecreaseinFinancialInstrumentsUsedinOperatingActivitiesandDerivativeAssets | 13,536bac_IncreaseDecreaseinFinancialInstrumentsUsedinOperatingActivitiesandDerivativeAssets |
| Other assets | (5,344)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (3,319)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accrued expenses and other liabilities | (7,232)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | 13,337us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
| Other operating activities, net | (1,632)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 247us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
| Net cash provided by (used in) operating activities | (4,692)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 22,723us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Net change in: | ||
| Time deposits placed and other short-term investments | 92bac_IncreaseDecreaseinTimeDepositsandOtherShorttermInvestments | (1,253)bac_IncreaseDecreaseinTimeDepositsandOtherShorttermInvestments |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (14,885)us-gaap_ProceedsFromPaymentsForFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellNet | (24,971)us-gaap_ProceedsFromPaymentsForFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellNet |
| Debt securities carried at fair value: | ||
| Proceeds from sales | 38,808bac_ProceedsfromSaleofDebtSecuritiesFairValue | 31,106bac_ProceedsfromSaleofDebtSecuritiesFairValue |
| Proceeds from paydowns and maturities | 16,446bac_ProceedsfromMaturitiesPrepaymentsandCallsofDebtSecuritiesFairValue | 17,870bac_ProceedsfromMaturitiesPrepaymentsandCallsofDebtSecuritiesFairValue |
| Purchases | (52,387)bac_PaymentstoAcquireDebtSecuritiesCarriedatFairValue | (63,679)bac_PaymentstoAcquireDebtSecuritiesCarriedatFairValue |
| Held-to-maturity debt securities: | ||
| Proceeds from paydowns and maturities | 2,973us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities | 1,326us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities |
| Purchases | (3,354)us-gaap_PaymentsToAcquireHeldToMaturitySecurities | (1,447)us-gaap_PaymentsToAcquireHeldToMaturitySecurities |
| Loans and leases: | ||
| Proceeds from sales | 5,781us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment | 4,508us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment |
| Purchases | (3,582)us-gaap_PaymentsToAcquireLoansAndLeasesHeldForInvestment | (2,473)us-gaap_PaymentsToAcquireLoansAndLeasesHeldForInvestment |
| Other changes in loans and leases, net | 1,634us-gaap_PaymentsForProceedsFromOtherLoansAndLeases | 8,767us-gaap_PaymentsForProceedsFromOtherLoansAndLeases |
| Net purchases of premises and equipment | (179)us-gaap_PaymentsForProceedsFromProductiveAssets | (266)us-gaap_PaymentsForProceedsFromProductiveAssets |
| Proceeds from sales of foreclosed properties | 170us-gaap_ProceedsFromSaleOfForeclosedAssets | 164us-gaap_ProceedsFromSaleOfForeclosedAssets |
| Proceeds from sales of investments | 36us-gaap_ProceedsFromSaleOfOtherInvestments | 994us-gaap_ProceedsFromSaleOfOtherInvestments |
| Other investing activities, net | (128)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (61)us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (8,575)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (29,415)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Net change in: | ||
| Deposits | 34,232us-gaap_IncreaseDecreaseInDeposits | 14,379us-gaap_IncreaseDecreaseInDeposits |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 2,481us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet | 5,002us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet |
| Short-term borrowings | 2,098us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 5,410us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
| Long-term debt: | ||
| Proceeds from issuance | 9,254us-gaap_ProceedsFromIssuanceOfLongTermDebt | 19,245us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Retirement of long-term debt | (11,678)us-gaap_RepaymentsOfLongTermDebt | (15,255)us-gaap_RepaymentsOfLongTermDebt |
| Proceeds from issuance of preferred stock | 2,964us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock | 0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
| Common stock repurchased | 0us-gaap_PaymentsForRepurchaseOfCommonStock | (1,442)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Cash dividends paid | (846)us-gaap_PaymentsOfOrdinaryDividends | (344)us-gaap_PaymentsOfOrdinaryDividends |
| Excess tax benefits on share-based payments | 16us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 34us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Other financing activities, net | (9)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (12)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash provided by financing activities | 38,512us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 27,017us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate changes on cash and cash equivalents | (1,291)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | (2)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| Net increase in cash and cash equivalents | 23,954us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 20,323us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at January 1 | 138,589us-gaap_CashAndCashEquivalentsAtCarryingValue | 131,322us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at March 31 | $ 162,543us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 151,645us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
Depreciation and Amortization of Premise Improvements No definition available.
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- Definition
Increase (Decrease) in Financial Instruments Used in Operating Activities and Derivative Assets No definition available.
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- Definition
Increase (Decrease) in Time Deposits and Other Short-term Investments No definition available.
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- Details
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- Details
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- Definition
The cash outflow to acquire debt securities carried at fair value, because they are not classified as either held-to-maturity securities or trading securities. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow associated maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as debt securities carried at fair value. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of debt securities carried at fair value. No definition available.
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| X | ||||||||||
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- Definition
Proceeds from sales and paydowns of loans originally classified as held for sale. No definition available.
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| X | ||||||||||
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from the fund lent to other financial institution arising from the excess in reserve deposited at Federal Reserve Bank to meet legal requirement. This borrowing is usually contracted on an overnight basis at an agreed rate of interest. Also include cash inflow or outflow from investment sold under the agreement to reacquire such investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of cash outflow for loans purchased and created with the intention to resell them in the near future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow for other changes, net, in the loan and lease balances held for investment purposes that are not separately disclosed. Includes cash payments and proceeds associated with (a) loans held-for-investment, (b) leases held-for-investment, and (c) both. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from purchases, sales and disposals of property, plant and equipment and other productive assets, including intangibles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cash outflow in the form of ordinary dividends to common shareholders, preferred shareholders and noncontrolling interests, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow through purchase of long-term held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow from (a) purchases of loans held-for-investment, (b) purchases of leases held-for-investment, and (c) both. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the maturity, prepayments and calls (requests for early payments) of debt securities designated as held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash flow from the funds lent to and (borrowed from) other financial reporting institutions arising from excess or shortfall in reserve deposited at the Federal Reserve Bank to meet legal requirements. This lending and borrowing is usually contracted on an overnight basis at an agreed rate of interest. Also include cash outflow or inflow from investments purchased under the agreement to resell such investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the sale assets received in full or partial satisfaction of a receivable including real and personal property; equity interests in corporations, partnerships, and joint ventures; and beneficial interests in trusts. Foreclosed assets also include loans that are treated as if the underlying collateral had been foreclosed because the institution has taken possession of the collateral, even though legal foreclosure or repossession proceedings have not taken place. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow from (a) sales of loans held-for-investment, (b) sales of leases held-for-investment, and (c) both. Includes proceeds from securitizations of loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of other investments not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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