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

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

v3.22.1

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flow hedges
Amounts excluded from effectiveness testing and recognized in other income	$ (74)	$ (2)
Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(6,891)	(1,426)
Gains (Losses) in Income Reclassified from Accumulated OCI	7	58
Interest rate risk on variable-rate assets \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(6,774)	(1,057)
Gains (Losses) in Income Reclassified from Accumulated OCI	(8)	37
Price risk on forecasted MBS purchases \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(90)	(393)
Gains (Losses) in Income Reclassified from Accumulated OCI	3	9
Price risk on certain compensation plans \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(27)	24
Gains (Losses) in Income Reclassified from Accumulated OCI	12	12
Foreign exchange contracts \| Net investment hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	219	727
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 0	$ 0

- Definition

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

+ References

No definition available.

+ Details

Name:	bac_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxAbstract
Namespace Prefix:	bac_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (d)(2)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

+ Details

Name:	us-gaap_GainLossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectivenessNet
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- 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)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669646-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e637-108580

+ Details

Name:	us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e637-108580

+ Details

Name:	us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Details

Name:	us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=bac_InterestRateRiskOnVariableRatePortfoliosMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=bac_PriceRiskOnForecastedMBSPurchasesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=bac_PriceRiskOnCertainCompensationPlansMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: