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
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

Commitments and Contingencies - Other Guarantees (Details)

v3.19.3.a.u2

Commitments and Contingencies - Other Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2009
Loss Contingencies [Line Items]
Equity method investment, pre-tax impairment charge	$ 2,072	$ 0	$ 0
Merchant Servicing Joint Venture
Loss Contingencies [Line Items]
Equity method investment, ownership percentage				49.00%
Carrying value of investment	640	2,800
Equity method investment, pre-tax impairment charge	2,100
Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Transactions processed by sponsored entities	916,600	874,300
Losses as result of cardholder disputed transactions	24	31
Life Insurance Book Value Protection
Loss Contingencies [Line Items]
Notional amount of derivatives	7,300	9,800
Maximum potential exposure	1,100	1,500
Merchant Services \| Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Maximum potential exposure	384,200	348,100
Other Guarantee
Loss Contingencies [Line Items]
Maximum potential exposure	8,700	$ 5,900
Indemnification Agreement
Loss Contingencies [Line Items]
Loss contingency, loss in period	$ 210

- Definition

This represents losses recorded by the Corporation as a result of cardholder disputed transactions.

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The amount of merchant services transactions processed and settled by sponsored merchant processing servicers that process credit and debit card transactions on behalf of various merchants.

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Nominal or face amount used to calculate payment on derivative.

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This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment.

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The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

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- Definition

Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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