Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
- Audit Information
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)

v3.24.0.1

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 2,059	$ 1,115
Loans and leases	3,569	5,771
Other assets (4)	11,861	9,594
Nonrecurring
Gains (Losses)
Loans held-for-sale	(246)	(387)	$ (44)
Loans and leases	(45)	(48)	(60)
Foreclosed properties	(6)	(6)	(2)
Other assets	(252)	(91)	(492)
Loss on loans and leases written down to zero	10	15	$ 24
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	31	60
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	77	1,979
Loans and leases	0	0
Foreclosed properties	0	0
Other assets (4)	31	88
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	2,793	3,079
Loans and leases	153	166
Foreclosed properties	48	7
Other assets (4)	$ 898	$ 165

- 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

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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

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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

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- 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

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- 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

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- Definition

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

+ References

No definition available.

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- Definition

Loss on Loans and Leases Written Down to Zero

+ References

No definition available.

+ Details

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Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
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- References

No definition available.

+ Details

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- Definition

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

+ References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
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- 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
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Publisher FASB
-URI https://asc.fasb.org//310-10/tableOfContent

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- Definition

Fair value portion of other assets.

+ References

No definition available.

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Data Type:	xbrli:monetaryItemType
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