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)

v3.23.3

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) excluded from effectiveness testing and recognized in market making and similar activities	$ 36	$ 38	$ 145	$ (109)
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(743)	(5,058)	(1,031)	(14,679)
Gains (Losses) in Income Reclassified from Accumulated OCI	(256)	(105)	(594)	(154)
Interest rate risk on variable-rate portfolios \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(737)	(5,045)	(1,065)	(14,443)
Gains (Losses) in Income Reclassified from Accumulated OCI	(263)	(110)	(612)	(191)
Price risk on forecasted MBS purchases \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	2	0	6	(129)
Gains (Losses) in Income Reclassified from Accumulated OCI	0	0	0	13
Price risk on certain compensation plans \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(8)	(13)	28	(107)
Gains (Losses) in Income Reclassified from Accumulated OCI	7	5	18	24
Foreign exchange risk \| Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	802	1,541	334	3,339
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 133	$ 3	$ 136	$ 3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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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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