Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2021 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ (60)
|
$ (38)
|
$ 2
|
$ (45)
|
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(1,682)
|
(2,884)
|
(2,662)
|
(3,468)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(266)
|
564
|
1,076
|
855
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
97
|
124
|
222
|
473
|
|
| Sales |
(238)
|
(168)
|
(589)
|
(517)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
49
|
23
|
393
|
206
|
|
| Gross Transfers into Level 3 |
(62)
|
173
|
(241)
|
(18)
|
|
| Gross Transfers out of Level 3 |
(115)
|
(157)
|
(416)
|
144
|
|
| Balance, ending |
(2,217)
|
(2,325)
|
(2,217)
|
(2,325)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(293)
|
512
|
701
|
579
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(60)
|
(38)
|
2
|
(45)
|
|
| Derivative assets |
477,100
|
|
477,100
|
|
$ 348,400
|
| Derivative liabilities |
459,500
|
|
459,500
|
|
355,500
|
| Level 3 | Recurring |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Derivative assets |
3,286
|
3,800
|
3,286
|
3,800
|
3,133
|
| Derivative liabilities |
5,503
|
6,200
|
5,503
|
6,200
|
$ 5,795
|
| Trading account liabilities – Corporate securities and other |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(14)
|
(17)
|
(11)
|
(16)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
6
|
0
|
6
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
(1)
|
|
| Settlements |
0
|
0
|
(2)
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
(13)
|
(11)
|
(13)
|
(11)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
(1)
|
0
|
0
|
|
| Short-term borrowings |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
0
|
|
0
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
|
1
|
|
|
| Gains (losses) in OCI |
0
|
|
0
|
|
|
| Purchases |
0
|
|
0
|
|
|
| Sales |
(4)
|
|
(4)
|
|
|
| Issuances |
0
|
|
0
|
|
|
| Settlements |
0
|
|
0
|
|
|
| Gross Transfers into Level 3 |
(3)
|
|
(3)
|
|
|
| Gross Transfers out of Level 3 |
0
|
|
0
|
|
|
| Balance, ending |
(6)
|
|
(6)
|
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
1
|
|
1
|
|
|
| Accrued expenses and other liabilities |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(63)
|
|
0
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
7
|
|
(56)
|
|
|
| Gains (losses) in OCI |
0
|
|
0
|
|
|
| Purchases |
(7)
|
|
(7)
|
|
|
| Sales |
0
|
|
0
|
|
|
| Issuances |
0
|
|
0
|
|
|
| Settlements |
0
|
|
0
|
|
|
| Gross Transfers into Level 3 |
0
|
|
0
|
|
|
| Gross Transfers out of Level 3 |
0
|
|
0
|
|
|
| Balance, ending |
(63)
|
|
(63)
|
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
7
|
|
(33)
|
|
|
| Long-term debt |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(812)
|
(1,060)
|
(1,075)
|
(1,164)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
26
|
(65)
|
(96)
|
(83)
|
|
| Gains (losses) in OCI |
(12)
|
2
|
67
|
4
|
|
| Purchases |
0
|
0
|
0
|
2
|
|
| Sales |
0
|
0
|
14
|
0
|
|
| Issuances |
0
|
(9)
|
(1)
|
(11)
|
|
| Settlements |
18
|
30
|
35
|
67
|
|
| Gross Transfers into Level 3 |
(13)
|
(25)
|
(19)
|
(57)
|
|
| Gross Transfers out of Level 3 |
0
|
1
|
282
|
116
|
|
| Balance, ending |
(793)
|
(1,126)
|
(793)
|
(1,126)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
26
|
(65)
|
(102)
|
(54)
|
|
| Total trading account assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
4,402
|
3,936
|
4,223
|
3,380
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(51)
|
(43)
|
(272)
|
63
|
|
| Gains (losses) in OCI |
(13)
|
(26)
|
6
|
(14)
|
|
| Purchases |
366
|
220
|
1,375
|
948
|
|
| Sales |
(225)
|
(143)
|
(757)
|
(944)
|
|
| Issuances |
0
|
0
|
0
|
1
|
|
| Settlements |
(324)
|
(188)
|
(554)
|
(385)
|
|
| Gross Transfers into Level 3 |
447
|
439
|
1,359
|
1,445
|
|
| Gross Transfers out of Level 3 |
(134)
|
(379)
|
(912)
|
(678)
|
|
| Balance, ending |
4,468
|
3,816
|
4,468
|
3,816
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(43)
|
(59)
|
(230)
|
(97)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(13)
|
(26)
|
6
|
(14)
|
|
| Corporate securities, trading loans and other |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
2,367
|
1,764
|
2,110
|
1,359
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(28)
|
(2)
|
(97)
|
23
|
|
| Gains (losses) in OCI |
(1)
|
0
|
(2)
|
0
|
|
| Purchases |
176
|
89
|
943
|
515
|
|
| Sales |
(144)
|
(43)
|
(342)
|
(300)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(300)
|
(118)
|
(417)
|
(251)
|
|
| Gross Transfers into Level 3 |
329
|
239
|
849
|
697
|
|
| Gross Transfers out of Level 3 |
(50)
|
(295)
|
(695)
|
(409)
|
|
| Balance, ending |
2,349
|
1,634
|
2,349
|
1,634
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(30)
|
(20)
|
(141)
|
(42)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(1)
|
0
|
(2)
|
0
|
|
| Equity securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
179
|
260
|
190
|
227
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(5)
|
(2)
|
2
|
20
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
13
|
18
|
41
|
71
|
|
| Sales |
(7)
|
(11)
|
(22)
|
(60)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
(4)
|
0
|
|
| Gross Transfers into Level 3 |
3
|
20
|
29
|
98
|
|
| Gross Transfers out of Level 3 |
(12)
|
(76)
|
(65)
|
(147)
|
|
| Balance, ending |
171
|
209
|
171
|
209
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(5)
|
(2)
|
(20)
|
(17)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Non-U.S. sovereign debt |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
470
|
414
|
396
|
354
|
|
| Total realized and unrealized gains (losses) included in Net Income |
39
|
4
|
58
|
24
|
|
| Gains (losses) in OCI |
(12)
|
(26)
|
8
|
(14)
|
|
| Purchases |
11
|
16
|
18
|
18
|
|
| Sales |
(2)
|
0
|
(4)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(18)
|
(9)
|
(33)
|
(9)
|
|
| Gross Transfers into Level 3 |
2
|
0
|
52
|
26
|
|
| Gross Transfers out of Level 3 |
(5)
|
0
|
(10)
|
0
|
|
| Balance, ending |
485
|
399
|
485
|
399
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
39
|
4
|
55
|
27
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(12)
|
(26)
|
8
|
(14)
|
|
| Mortgage trading loans, MBS and ABS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,386
|
1,498
|
1,527
|
1,440
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(57)
|
(43)
|
(235)
|
(4)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
166
|
97
|
373
|
344
|
|
| Sales |
(72)
|
(89)
|
(389)
|
(584)
|
|
| Issuances |
0
|
0
|
0
|
1
|
|
| Settlements |
(6)
|
(61)
|
(100)
|
(125)
|
|
| Gross Transfers into Level 3 |
113
|
180
|
429
|
624
|
|
| Gross Transfers out of Level 3 |
(67)
|
(8)
|
(142)
|
(122)
|
|
| Balance, ending |
1,463
|
1,574
|
1,463
|
1,574
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(47)
|
(41)
|
(124)
|
(65)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Total AFS debt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
551
|
341
|
439
|
643
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
(2)
|
6
|
(1)
|
|
| Gains (losses) in OCI |
(14)
|
(3)
|
(45)
|
(102)
|
|
| Purchases |
0
|
0
|
126
|
8
|
|
| Sales |
0
|
0
|
(8)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(13)
|
(10)
|
(85)
|
(41)
|
|
| Gross Transfers into Level 3 |
224
|
208
|
385
|
244
|
|
| Gross Transfers out of Level 3 |
(14)
|
0
|
(83)
|
(217)
|
|
| Balance, ending |
735
|
534
|
735
|
534
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(3)
|
(2)
|
1
|
11
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(14)
|
(3)
|
(45)
|
(102)
|
|
| Non-agency residential MBS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
299
|
205
|
316
|
378
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(1)
|
(1)
|
1
|
(16)
|
|
| Gains (losses) in OCI |
(11)
|
(2)
|
(33)
|
(96)
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
(8)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(8)
|
(12)
|
(71)
|
(37)
|
|
| Gross Transfers into Level 3 |
0
|
208
|
74
|
244
|
|
| Gross Transfers out of Level 3 |
(13)
|
0
|
(13)
|
(75)
|
|
| Balance, ending |
266
|
398
|
266
|
398
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(1)
|
(4)
|
1
|
(7)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(11)
|
(2)
|
(33)
|
(96)
|
|
| Non-U.S. and other taxable securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
200
|
85
|
71
|
89
|
|
| Total realized and unrealized gains (losses) included in Net Income |
2
|
(3)
|
5
|
(4)
|
|
| Gains (losses) in OCI |
(3)
|
(1)
|
(12)
|
(6)
|
|
| Purchases |
0
|
0
|
126
|
8
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(5)
|
2
|
(14)
|
(4)
|
|
| Gross Transfers into Level 3 |
224
|
0
|
311
|
0
|
|
| Gross Transfers out of Level 3 |
(1)
|
0
|
(70)
|
0
|
|
| Balance, ending |
417
|
83
|
417
|
83
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
0
|
1
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(3)
|
(1)
|
(12)
|
(6)
|
|
| Tax-exempt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
52
|
51
|
52
|
176
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
2
|
0
|
19
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
0
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
(142)
|
|
| Balance, ending |
52
|
53
|
52
|
53
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
2
|
(1)
|
18
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Other debt securities carried at fair value – Non-agency residential MBS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
112
|
281
|
242
|
267
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
(2)
|
(42)
|
0
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(4)
|
(9)
|
(77)
|
(29)
|
|
| Gross Transfers into Level 3 |
0
|
26
|
0
|
58
|
|
| Gross Transfers out of Level 3 |
(6)
|
0
|
(23)
|
0
|
|
| Balance, ending |
100
|
296
|
100
|
296
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
(2)
|
(7)
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Loans and leases |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
256
|
857
|
748
|
717
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(1)
|
(59)
|
(42)
|
45
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
(154)
|
0
|
|
| Issuances |
0
|
0
|
0
|
70
|
|
| Settlements |
(58)
|
(67)
|
(106)
|
(147)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
46
|
|
| Gross Transfers out of Level 3 |
0
|
(13)
|
(249)
|
(13)
|
|
| Balance, ending |
197
|
718
|
197
|
718
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
(59)
|
(20)
|
52
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Loans held-for-sale |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
345
|
263
|
317
|
236
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(27)
|
13
|
(3)
|
17
|
|
| Gains (losses) in OCI |
(2)
|
(7)
|
3
|
(4)
|
|
| Purchases |
0
|
94
|
170
|
132
|
|
| Sales |
0
|
(1)
|
(6)
|
(1)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(44)
|
(22)
|
(217)
|
(62)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
8
|
26
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
(4)
|
|
| Balance, ending |
272
|
340
|
272
|
340
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(27)
|
10
|
(11)
|
40
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(2)
|
(7)
|
3
|
(4)
|
|
| Other assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,750
|
1,775
|
1,572
|
1,970
|
|
| Total realized and unrealized gains (losses) included in Net Income |
70
|
15
|
296
|
36
|
|
| Gains (losses) in OCI |
(20)
|
(6)
|
(25)
|
2
|
|
| Purchases |
0
|
1
|
0
|
56
|
|
| Sales |
(2)
|
1
|
(1)
|
(144)
|
|
| Issuances |
78
|
51
|
163
|
115
|
|
| Settlements |
(68)
|
(95)
|
(201)
|
(300)
|
|
| Gross Transfers into Level 3 |
0
|
2
|
4
|
9
|
|
| Gross Transfers out of Level 3 |
(3)
|
0
|
(3)
|
0
|
|
| Balance, ending |
1,805
|
1,744
|
1,805
|
1,744
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
61
|
49
|
152
|
92
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ (20)
|
$ (6)
|
$ (25)
|
$ 2
|
|