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)

v3.22.2

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Losses excluded from effectiveness testing and recognized in other income	$ 73	$ 48	$ 147	$ 50
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(2,730)	608	(9,621)	(818)
Gains (Losses) in Income Reclassified from Accumulated OCI	(56)	56	(49)	114
Interest rate risk on variable-rate assets \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(2,624)	481	(9,398)	(576)
Gains (Losses) in Income Reclassified from Accumulated OCI	(73)	36	(81)	73
Price risk on forecasted MBS purchases \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(39)	92	(129)	(301)
Gains (Losses) in Income Reclassified from Accumulated OCI	10	6	13	15
Price risk on certain compensation plans \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(67)	35	(94)	59
Gains (Losses) in Income Reclassified from Accumulated OCI	7	14	19	26
Foreign exchange contracts \| Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	1,579	(224)	1,798	503
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 0	$ 0	$ 0	$ 0

- Definition

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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.

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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.

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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.

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