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
Uncategorized
- Uncategorized Items - bac-20201231.htm

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details)

v3.20.4

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flow hedges
Amounts excluded from effectiveness testing and recognized in other income	$ (11)	$ 154	$ 47
Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	1,089	705	(155)
Gains (Losses) in Income Reclassified from Accumulated OCI	14	(106)	(138)
Interest rate risk on variable-rate assets \| Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	763	671	(159)
Gains (Losses) in Income Reclassified from Accumulated OCI	(7)	(104)	(165)
Price risk on forecasted MBS purchases \| Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	241	0	0
Gains (Losses) in Income Reclassified from Accumulated OCI	9	0	0
Price risk on certain compensation plans \| Cash flow hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	85	34	4
Gains (Losses) in Income Reclassified from Accumulated OCI	12	(2)	27
Foreign exchange contracts \| Net investment hedges
Cash flow hedges
Gains (Losses) in Accumulated OCI on Derivatives	(834)	22	989
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 4	$ 366	$ 411

- Definition

Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), After Reclassification And Tax [Abstract]

+ References

No definition available.

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- Definition

The net gain (loss) relating to components of the gain (loss) on the cash flow hedging instrument excluded from the assessment of cash flow hedge effectiveness. Recognized in earnings.

+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (d)(2)
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- Definition

Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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- Definition

Amount, after tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.

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