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)

v3.22.2.2

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) excluded from effectiveness testing and recognized in other income	$ 38	$ (36)	$ (109)	$ (86)
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(5,058)	(512)	(14,679)	(1,330)
Gains (Losses) in Income Reclassified from Accumulated OCI	(105)	57	(154)	171
Interest rate risk on variable-rate assets \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(5,045)	(539)	(14,443)	(1,115)
Gains (Losses) in Income Reclassified from Accumulated OCI	(110)	38	(191)	111
Price risk on forecasted MBS purchases \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	0	29	(129)	(272)
Gains (Losses) in Income Reclassified from Accumulated OCI	0	5	13	20
Price risk on certain compensation plans \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(13)	(2)	(107)	57
Gains (Losses) in Income Reclassified from Accumulated OCI	5	14	24	40
Foreign exchange risk \| Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	1,541	642	3,339	1,145
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 3	$ 0	$ 3	$ 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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- 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

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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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