Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - bac-20210630.htm

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

v3.21.2

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Cash flow hedges
Amounts excluded from effectiveness testing and recognized in other income	$ (48)	$ 75	$ (50)	$ 105
Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	608	393	(818)	902
Gains (Losses) in Income Reclassified from Accumulated OCI	56	(23)	114	(49)
Interest rate risk on variable-rate assets \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	481	320	(576)	911
Gains (Losses) in Income Reclassified from Accumulated OCI	36	(23)	73	(49)
Price risk on forecasted MBS purchases \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	92		(301)
Gains (Losses) in Income Reclassified from Accumulated OCI	6		15
Price risk on certain compensation plans \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	35	73	59	(9)
Gains (Losses) in Income Reclassified from Accumulated OCI	14	0	26	0
Foreign exchange contracts \| Net investment hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(224)	(400)	503	968
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 0	$ 1	$ 0	$ 1

- Definition

Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), After Reclassification And Tax [Abstract]

+ References

No definition available.

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- Definition

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (d)(2)
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- Definition

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (d)
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- Definition

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.

+ References

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-Topic 220
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