Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Shareholders' Equity

Consolidated Statement of Changes in Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Preferred Stock	Common Stock and Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjustment Retained Earnings	Cumulative Effect, Period of Adoption, Adjustment Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017	$ 267,146	$ 22,323	$ 138,089	$ 113,816	$ (7,082)			$ 57
Beginning balance (Accounting Standards Update 2017-12) at Dec. 31, 2017						$ 25	$ (32)	$ 57
Beginning Balance (in shares) at Dec. 31, 2017			10,287.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard related to certain tax effects stranded in accumulated other comprehensive income (loss)	$ 0			1,270	(1,270)
Accounting standards update	us-gaap:AccountingStandardsUpdate201602Member
Net income	$ 28,147			28,147
Net change in debt securities	(3,953)				(3,953)
Net change in debit valuation adjustments	749				749
Net change in derivatives	(53)				(53)
Employee benefit plan adjustments	(405)				(405)
Net change in foreign currency translation adjustments	(254)				(254)
Dividends declared:
Common	(5,424)			(5,424)
Preferred	(1,451)			(1,451)
Issuance of preferred stock	4,515	4,515
Redemption of preferred stock	(4,512)	(4,512)
Common stock issued under employee plans, net, and other	889		$ 901	(12)
Common stock issued under employee plans, net, and other (in shares)			58.2
Common stock repurchased	(20,094)		$ (20,094)
Common stock repurchased (in shares)			(676.2)
Ending balance at Dec. 31, 2018	$ 265,325	22,326	$ 118,896	136,314	(12,211)	165	165
Ending Balance (in shares) at Dec. 31, 2018			9,669.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting standards update	us-gaap:AccountingStandardsUpdate201613Member
Net income	$ 27,430			27,430
Net change in debt securities	5,875				5,875
Net change in debit valuation adjustments	(963)				(963)
Net change in derivatives	616				616
Employee benefit plan adjustments	136				136
Net change in foreign currency translation adjustments	(86)				(86)
Dividends declared:
Common	(6,146)			(6,146)
Preferred	(1,432)			(1,432)
Issuance of preferred stock	3,643	3,643
Redemption of preferred stock	(2,568)	(2,568)
Common stock issued under employee plans, net, and other	959		$ 971	(12)
Common stock issued under employee plans, net, and other (in shares)			123.3
Common stock repurchased	(28,144)		$ (28,144)
Common stock repurchased (in shares)			(956.5)
Ending balance at Dec. 31, 2019	264,810	23,401	$ 91,723	156,319	(6,633)	$ (2,406)	$ (2,406)
Ending Balance (in shares) at Dec. 31, 2019			8,836.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,894			17,894
Net change in debt securities	4,799				4,799
Net change in debit valuation adjustments	(498)				(498)
Net change in derivatives	826				826
Employee benefit plan adjustments	(98)				(98)
Net change in foreign currency translation adjustments	(52)				(52)
Dividends declared:
Common	(6,289)			(6,289)
Preferred	(1,421)			(1,421)
Issuance of preferred stock	2,181	2,181
Redemption of preferred stock	(1,072)	(1,072)
Common stock issued under employee plans, net, and other	1,275		$ 1,284	(9)
Common stock issued under employee plans, net, and other (in shares)			41.7
Common stock repurchased	(7,025)		$ (7,025)
Common stock repurchased (in shares)			(227.0)
Ending balance at Dec. 31, 2020	$ 272,924	$ 24,510	$ 85,982	$ 164,088	$ (1,656)
Ending Balance (in shares) at Dec. 31, 2020			8,650.8