Annual report pursuant to Section 13 and 15(d)

Parent Company Information - Income Statement (Details)

v3.24.0.1
Parent Company Information - Income Statement (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Condensed Income Statements, Captions [Line Items]      
Other income $ (3,091) $ (2,799) $ (1,811)
Total revenue, net of interest expense 98,581 94,950 89,113
Noninterest expense 65,845 61,438 59,731
Income tax expense 1,827 3,441 1,998
Net income 26,515 27,528 31,978
Bank of America Corporation      
Condensed Income Statements, Captions [Line Items]      
Interest from subsidiaries 21,314 12,420 8,362
Other income (1,012) (201) (114)
Total revenue, net of interest expense 42,686 34,469 23,869
Interest on borrowed funds from subsidiaries 896 236 54
Other interest expense 14,119 7,041 3,383
Noninterest expense 1,699 1,322 1,531
Total expense 16,714 8,599 4,968
Income before income taxes and equity in undistributed earnings of subsidiaries 25,972 25,870 18,901
Income tax expense 838 683 886
Income before equity in undistributed earnings of subsidiaries 25,134 25,187 18,015
Equity in undistributed earnings (losses) of subsidiaries: 1,381 2,341 13,963
Net income 26,515 27,528 31,978
Bank holding companies and related subsidiaries | Bank of America Corporation      
Condensed Income Statements, Captions [Line Items]      
Dividends from subsidiaries: 22,384 22,250 15,621
Equity in undistributed earnings (losses) of subsidiaries: 1,203 2,333 14,078
Nonbank companies and related subsidiaries | Bank of America Corporation      
Condensed Income Statements, Captions [Line Items]      
Equity in undistributed earnings (losses) of subsidiaries: $ 178 $ 8 $ (115)