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

Fair Value Measurements - Nonrecurring Fair Value (Details)

v3.19.3.a.u2

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment, pre-tax impairment charge	$ 2,072	$ 0	$ 0
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	3,709	2,942
Loans and leases	8,335	4,349
Other assets	15,518	19,739
Nonrecurring
Gains (Losses)
Loans held-for-sale	(14)	(18)	(6)
Loans and leases	(81)	(202)	(336)
Foreclosed properties	(9)	(24)	(41)
Other assets	(2,145)	(64)	(124)
Loss on loans and leases written down to zero	36	83	$ 135
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	260	488
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	53	274
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	178	331
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	102	0
Loans and leases	257	474
Foreclosed properties	17	42
Other assets	646	$ 14
Merchant Servicing Joint Venture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment, pre-tax impairment charge	$ 2,100

- Definition

This represents the balance of foreclosed properties measured at fair value on a nonrecurring basis categorized as Level 2 and 3 based on observability of inputs.

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- Definition

This represents the amount of gain (loss) recognized on Loans and Leases, still held as of the reporting date, measured at fair value on a nonrecurring basis.

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This represents the amount of gain (loss) recognized on other assets, still held as of the reporting date, measured at fair value on a nonrecurring basis. Other Assets are those not individually reported in the financial statements or separately disclosed.

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Gains (Losses) On Loans Held-For-Sale [Abstract]

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Loss on Loans and Leases Written Down to Zero

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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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- Definition

Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.

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- Definition

Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.

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Fair value portion of other assets.

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