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

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

v3.22.0.1

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flow hedges
Amounts excluded from effectiveness testing and recognized in other income	$ (123)	$ (11)	$ 154
Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(2,842)	1,089	705
Gains (Losses) in Income Reclassified from Accumulated OCI	229	14	(106)
Interest rate risk on variable-rate assets \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(2,686)	763	671
Gains (Losses) in Income Reclassified from Accumulated OCI	148	(7)	(104)
Price risk on forecasted MBS purchases \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(249)	241	0
Gains (Losses) in Income Reclassified from Accumulated OCI	26	9	0
Price risk on certain compensation plans \| Cash flow hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	93	85	34
Gains (Losses) in Income Reclassified from Accumulated OCI	55	12	(2)
Foreign exchange contracts \| Net investment hedges
Cash flow hedges
Gains (Losses) Recognized in Accumulated OCI on Derivatives	1,451	(834)	22
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 23	$ 4	$ 366

- 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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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 4C
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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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