Derivatives - Valuation Adjustments (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2023 |
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| Valuation Gain Loss on Derivatives, Gross [Abstract] | |||||
| Derivative assets (CVA) | $ (32) | $ 30 | $ (1) | $ 151 | |
| Derivative assets/liabilities (FVA) | (12) | 21 | (27) | 4 | |
| Derivative liabilities (DVA) | 2 | $ 18 | (40) | $ (66) | |
| Cumulative credit valuation adjustment | 360 | 360 | $ 359 | ||
| Cumulative funding valuation adjustment | 114 | 114 | 87 | ||
| Cumulative debit valuation adjustment | $ 259 | $ 259 | $ 299 | ||
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- Definition Counterparty credit risk valuation adjustments on derivative assets recorded to properly reflect the credit quality of the counterparty. Adjustments are necessary as the market quotes on derivatives do not fully reflect the credit risk of the counterparties to the derivative assets. No definition available.
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- Definition The impact of the Corporation's own credit quality on the fair value of derivative liabilities. Credit valuation gains (losses) are recognized in trading account profits (losses). No definition available.
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- Definition Derivative Funding Risk Valuation Adjustment, Derivative Assets No definition available.
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- Definition Funding Valuation Gain (Loss) on Derivative Asset, Gross No definition available.
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- Definition Valuation Gain Loss on Derivatives, Gross [Abstract] No definition available.
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- Definition Amount of credit risk valuation adjustment to derivative assets to properly reflect the credit quality of the counterparties. No definition available.
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- Definition Amount of credit risk valuation adjustment to derivative liabilities to properly reflect the credit quality of the entity. No definition available.
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