Annual report pursuant to Section 13 and 15(d)

Parent Company Information - Income Statement (Details)

v3.20.4
Parent Company Information - Income Statement (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Condensed Income Statements, Captions [Line Items]      
Other income $ (738) $ 304 $ 772
Total income 85,528 91,244 91,020
Noninterest expense 55,213 54,900 53,154
Income tax expense (benefit) 1,101 5,324 6,437
Net income 17,894 27,430 28,147
Bank of America Corporation      
Condensed Income Statements, Captions [Line Items]      
Interest from subsidiaries 8,825 9,502 8,425
Other income (138) 74 (1,025)
Total income 19,039 37,396 36,066
Interest on borrowed funds from related subsidiaries 136 451 235
Other interest expense 4,119 5,899 6,425
Noninterest expense 1,651 1,641 1,600
Total expense 5,906 7,991 8,260
Income before income taxes and equity in undistributed earnings of subsidiaries 13,133 29,405 27,806
Income tax expense (benefit) 649 341 (281)
Income before equity in undistributed earnings of subsidiaries 12,484 29,064 28,087
Equity in undistributed earnings (losses) of subsidiaries: 5,410 (1,634) 60
Net income 17,894 27,430 28,147
Bank holding companies and related subsidiaries | Bank of America Corporation      
Condensed Income Statements, Captions [Line Items]      
Dividends from subsidiaries: 10,352 27,820 28,575
Equity in undistributed earnings (losses) of subsidiaries: 5,372 (1,717) 306
Nonbank companies and related subsidiaries | Bank of America Corporation      
Condensed Income Statements, Captions [Line Items]      
Dividends from subsidiaries: 0 0 91
Equity in undistributed earnings (losses) of subsidiaries: $ 38 $ 83 $ (246)