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

Fair Value Measurements - Nonrecurring Fair Value (Details)

v3.22.1

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 3,203		$ 4,455
Loans and leases	7,111		7,819
Other assets	12,807		12,144
Nonrecurring
Gains (Losses)
Loans held-for-sale	(1)	$ 5
Loans and leases	(15)	(14)
Foreclosed properties	0	(1)
Other assets	(18)	(403)
Loss on loans and leases written down to zero	6	3
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	61	87
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	31	2,116
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	0	49
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	543	66
Loans and leases	68	85	$ 213
Foreclosed properties	1	3
Other assets	$ 50	$ 2,155

- Definition

This represents the balance of foreclosed properties measured at fair value on a nonrecurring basis categorized as Level 2 and 3 based on observability of inputs.

+ References

No definition available.

+ Details

Name:	bac_ForeclosedPropertiesFairValueDisclosure
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

This represents the amount of gain (loss) recognized on foreclosed properties, still held as of the reporting date, measured at fair value on a nonrecurring basis.

+ References

No definition available.

+ Details

Name:	bac_GainLossOnForeclosedProperties
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

This represents the amount of gain (loss) recognized on Loans and Leases, still held as of the reporting date, measured at fair value on a nonrecurring basis.

+ References

No definition available.

+ Details

Name:	bac_GainLossOnLoansAndLeases
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

This represents the amount of gain (loss) recognized on other assets, still held as of the reporting date, measured at fair value on a nonrecurring basis. Other Assets are those not individually reported in the financial statements or separately disclosed.

+ References

No definition available.

+ Details

Name:	bac_GainLossonOtherAssets
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

This represents the amount of gain (loss) recognized on LHFS, still held as of the reporting date, measured at fair value on a nonrecurring basis.

+ References

No definition available.

+ Details

Name:	bac_GainsLossesOnLoansHeldForSale
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Gains (Losses) On Loans Held-For-Sale [Abstract]

+ References

No definition available.

+ Details

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

- Definition

Loss on Loans and Leases Written Down to Zero

+ References

No definition available.

+ Details

Name:	bac_LossOnLoansAndLeasesWrittenDownToZero
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- References

No definition available.

+ Details

Name:	us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.

+ References

No definition available.

+ Details

Name:	us-gaap_LoansHeldForSaleFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196772

+ Details

Name:	us-gaap_LoansReceivableFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Fair value portion of other assets.

+ References

No definition available.

+ Details

Name:	us-gaap_OtherAssetsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Details

Name:	us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_GovernmentGuaranteedMortgageLoansUponForeclosureReceivableMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: