Annual report pursuant to Section 13 and 15(d)

Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details)

v3.20.4
Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets    
Net operating loss carryforwards $ 7,717 $ 7,417
Allowance for credit losses 4,701 2,354
Security, loan and debt valuations 2,571 1,860
Lease liability 2,400 2,321
Employee compensation and retirement benefits 1,582 1,622
Accrued expenses 1,481 1,719
Credit carryforwards 484 183
Other 1,412 1,203
Gross deferred tax assets 22,348 18,679
Valuation allowance (2,346) (1,989)
Total deferred tax assets, net of valuation allowance 20,002 16,690
Deferred tax liabilities    
Equipment lease financing 3,101 2,933
Right-to-use asset 2,296 2,246
Fixed assets 1,957 1,505
ESG-related tax credit investments 1,930 1,577
Available-for-sale securities 1,701 100
Other 1,570 1,885
Gross deferred tax liabilities 12,555 10,246
Net deferred tax assets $ 7,447 $ 6,444