Annual report [Section 13 and 15(d), not S-K Item 405]

Parent Company Information - Statement of Cash Flows (Details)

v3.25.0.1
Parent Company Information - Statement of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Condensed Cash Flow Statements, Captions [Line Items]      
Net income $ 27,132 $ 26,515 $ 27,528
Operating activities      
Other operating activities, net 7,522 7,708 1,222
Net cash provided by (used in) operating activities (8,805) 44,982 (6,327)
Investing activities      
Other investing activities, net (4,145) (5,258) (4,612)
Net cash used in investing activities (90,693) (35,387) (2,529)
Financing activities      
Proceeds from issuance of long-term debt 56,683 65,396 65,910
Retirement of long-term debt (70,411) (44,571) (34,055)
Proceeds from issuance of preferred stock and warrants 0 0 4,426
Common stock repurchased (13,104) (4,576) (5,073)
Cash dividends paid (9,503) (9,087) (8,576)
Net cash provided by (used in) financing activities 60,369 93,345 (106,039)
Net increase (decrease) in cash and cash equivalents (42,959) 102,870 (118,018)
Cash and cash equivalents at January 1 333,073 230,203 348,221
Cash and cash equivalents at December 31 290,114 333,073 230,203
Bank of America Corporation      
Condensed Cash Flow Statements, Captions [Line Items]      
Net income 27,132 26,515 27,528
Operating activities      
Equity in undistributed (earnings) losses of subsidiaries (2,987) (1,381) (2,341)
Other operating activities, net 1,986 3,395 (31,777)
Net cash provided by (used in) operating activities 26,131 28,529 (6,590)
Investing activities      
Net sales (purchases) of securities (17) (15) 25
Net payments from (to) subsidiaries 16,858 (21,267) (6,044)
Other investing activities, net 0 (43) (34)
Net cash used in investing activities 16,841 (21,325) (6,053)
Financing activities      
Net increase in other advances 3,542 2,825 2,853
Proceeds from issuance of long-term debt 17,817 23,950 44,123
Retirement of long-term debt (36,416) (25,366) (19,858)
Proceeds from issuance of preferred stock and warrants 0 0 4,426
Redemption of preferred stock (5,254) 0 (654)
Common stock repurchased (13,104) (4,576) (5,073)
Cash dividends paid (9,503) (9,087) (8,576)
Net cash provided by (used in) financing activities (42,918) (12,254) 17,241
Net increase (decrease) in cash and cash equivalents 54 (5,050) 4,598
Cash and cash equivalents at January 1 4,559 9,609 5,011
Cash and cash equivalents at December 31 $ 4,613 $ 4,559 $ 9,609