Annual report pursuant to Section 13 and 15(d)

Parent Company Information - Statement of Cash Flows (Details)

v3.24.0.1
Parent Company Information - Statement of Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Condensed Cash Flow Statements, Captions [Line Items]      
Net income $ 26,515 $ 27,528 $ 31,978
Operating activities      
Other operating activities, net 7,708 1,222 4,651
Net cash provided by (used in) operating activities 44,982 (6,327) (7,193)
Investing activities      
Other investing activities, net (5,258) (4,612) (3,479)
Net cash used in investing activities (35,387) (2,529) (313,291)
Financing activities      
Proceeds from issuance of long-term debt 65,396 65,910 76,675
Retirement of long-term debt (44,571) (34,055) (46,826)
Proceeds from issuance of preferred stock and warrants 0 4,426 2,169
Common stock repurchased (4,576) (5,073) (25,126)
Cash dividends paid (9,087) (8,576) (8,055)
Net cash provided by (used in) financing activities 93,345 (106,039) 291,650
Net increase (decrease) in cash and cash equivalents 102,870 (118,018) (32,242)
Cash and cash equivalents at January 1 230,203 348,221 380,463
Cash and cash equivalents at December 31 333,073 230,203 348,221
Bank of America Corporation      
Condensed Cash Flow Statements, Captions [Line Items]      
Net income 26,515 27,528 31,978
Operating activities      
Equity in undistributed (earnings) losses of subsidiaries (1,381) (2,341) (13,963)
Other operating activities, net 3,395 (31,777) (7,144)
Net cash provided by (used in) operating activities 28,529 (6,590) 10,871
Investing activities      
Net sales (purchases) of securities (15) 25 (14)
Net payments to subsidiaries (21,267) (6,044) (10,796)
Other investing activities, net (43) (34) (26)
Net cash used in investing activities (21,325) (6,053) (10,836)
Financing activities      
Net increase (decrease) in other advances 2,825 2,853 503
Proceeds from issuance of long-term debt 23,950 44,123 56,106
Retirement of long-term debt (25,366) (19,858) (24,544)
Proceeds from issuance of preferred stock and warrants 0 4,426 2,170
Redemption of preferred stock 0 (654) (1,971)
Common stock repurchased (4,576) (5,073) (25,126)
Cash dividends paid (9,087) (8,576) (8,055)
Net cash provided by (used in) financing activities (12,254) 17,241 (917)
Net increase (decrease) in cash and cash equivalents (5,050) 4,598 (882)
Cash and cash equivalents at January 1 9,609 5,011 5,893
Cash and cash equivalents at December 31 $ 4,559 $ 9,609 $ 5,011