Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Dec. 31, 2020 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ 67
|
$ (126)
|
$ (5)
|
$ (40)
|
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(3,206)
|
(2,909)
|
(3,468)
|
(2,538)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
5
|
(463)
|
291
|
(117)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
211
|
137
|
349
|
177
|
|
| Sales |
(88)
|
(233)
|
(349)
|
(381)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
36
|
(178)
|
183
|
(166)
|
|
| Gross Transfers into Level 3 |
(83)
|
252
|
(191)
|
(276)
|
|
| Gross Transfers out of Level 3 |
241
|
51
|
301
|
(42)
|
|
| Balance, ending |
(2,884)
|
(3,343)
|
(2,884)
|
(3,343)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(19)
|
(558)
|
192
|
(500)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
67
|
(126)
|
(5)
|
(40)
|
|
| Derivative assets |
352,100
|
|
352,100
|
|
$ 434,600
|
| Derivative liabilities |
353,200
|
|
353,200
|
|
434,000
|
| Level 3 | Recurring |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Derivative assets |
3,312
|
2,600
|
3,312
|
2,600
|
2,751
|
| Derivative liabilities |
6,196
|
5,900
|
6,196
|
5,900
|
$ 6,219
|
| Trading account liabilities – Equity securities |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
|
(1)
|
|
(2)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
|
0
|
|
1
|
|
| Gains (losses) in OCI |
|
0
|
|
0
|
|
| Purchases |
|
0
|
|
0
|
|
| Sales |
|
0
|
|
0
|
|
| Issuances |
|
0
|
|
0
|
|
| Settlements |
|
0
|
|
0
|
|
| Gross Transfers into Level 3 |
|
0
|
|
0
|
|
| Gross Transfers out of Level 3 |
|
0
|
|
0
|
|
| Balance, ending |
|
(1)
|
|
(1)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
|
0
|
|
1
|
|
| Trading account liabilities – Corporate securities and other |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(16)
|
(20)
|
(16)
|
(15)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
4
|
0
|
5
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
(1)
|
0
|
(7)
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
(1)
|
0
|
(1)
|
0
|
|
| Settlements |
0
|
1
|
0
|
1
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
(17)
|
(16)
|
(17)
|
(16)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
1
|
1
|
|
| Long-term debt |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(1,028)
|
(721)
|
(1,164)
|
(1,149)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(67)
|
(72)
|
(18)
|
55
|
|
| Gains (losses) in OCI |
15
|
(127)
|
2
|
60
|
|
| Purchases |
2
|
0
|
2
|
8
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
(2)
|
(32)
|
(2)
|
(45)
|
|
| Settlements |
19
|
14
|
37
|
155
|
|
| Gross Transfers into Level 3 |
0
|
(29)
|
(32)
|
(52)
|
|
| Gross Transfers out of Level 3 |
1
|
11
|
115
|
12
|
|
| Balance, ending |
(1,060)
|
(956)
|
(1,060)
|
(956)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(66)
|
(74)
|
(34)
|
37
|
|
| Corporate securities, trading loans and other |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,516
|
1,640
|
1,359
|
1,507
|
|
| Total realized and unrealized gains (losses) included in Net Income |
38
|
(27)
|
25
|
(130)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
(1)
|
|
| Purchases |
185
|
64
|
426
|
280
|
|
| Sales |
(110)
|
(42)
|
(257)
|
(132)
|
|
| Issuances |
0
|
0
|
0
|
8
|
|
| Settlements |
(116)
|
(42)
|
(133)
|
(74)
|
|
| Gross Transfers into Level 3 |
306
|
147
|
458
|
384
|
|
| Gross Transfers out of Level 3 |
(55)
|
(192)
|
(114)
|
(294)
|
|
| Balance, ending |
1,764
|
1,548
|
1,764
|
1,548
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
16
|
(27)
|
(5)
|
(122)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
(1)
|
|
| Equity securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
273
|
249
|
227
|
239
|
|
| Total realized and unrealized gains (losses) included in Net Income |
32
|
1
|
22
|
(25)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
8
|
3
|
53
|
29
|
|
| Sales |
(26)
|
(23)
|
(49)
|
(34)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
0
|
0
|
|
| Gross Transfers into Level 3 |
26
|
0
|
78
|
25
|
|
| Gross Transfers out of Level 3 |
(53)
|
(36)
|
(71)
|
(40)
|
|
| Balance, ending |
260
|
194
|
260
|
194
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
23
|
0
|
14
|
(23)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Non-U.S. sovereign debt |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
334
|
250
|
354
|
482
|
|
| Total realized and unrealized gains (losses) included in Net Income |
20
|
26
|
20
|
28
|
|
| Gains (losses) in OCI |
34
|
(10)
|
12
|
(63)
|
|
| Purchases |
0
|
2
|
2
|
75
|
|
| Sales |
0
|
(11)
|
0
|
(59)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
(9)
|
0
|
(19)
|
|
| Gross Transfers into Level 3 |
26
|
0
|
26
|
17
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
(213)
|
|
| Balance, ending |
414
|
248
|
414
|
248
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
20
|
26
|
23
|
28
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
34
|
(10)
|
12
|
(63)
|
|
| Mortgage trading loans, MBS and ABS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,561
|
1,733
|
1,440
|
1,553
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(10)
|
(22)
|
39
|
(147)
|
|
| Gains (losses) in OCI |
0
|
(1)
|
0
|
(3)
|
|
| Purchases |
119
|
104
|
247
|
466
|
|
| Sales |
(274)
|
(229)
|
(495)
|
(474)
|
|
| Issuances |
0
|
0
|
1
|
0
|
|
| Settlements |
(28)
|
(21)
|
(64)
|
(40)
|
|
| Gross Transfers into Level 3 |
188
|
259
|
444
|
492
|
|
| Gross Transfers out of Level 3 |
(58)
|
(87)
|
(114)
|
(111)
|
|
| Balance, ending |
1,498
|
1,736
|
1,498
|
1,736
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(10)
|
(36)
|
16
|
(139)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
(1)
|
0
|
(3)
|
|
| Total trading account assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
3,684
|
3,872
|
3,380
|
3,781
|
|
| Total realized and unrealized gains (losses) included in Net Income |
80
|
(22)
|
106
|
(274)
|
|
| Gains (losses) in OCI |
34
|
(11)
|
12
|
(67)
|
|
| Purchases |
312
|
173
|
728
|
850
|
|
| Sales |
(410)
|
(305)
|
(801)
|
(699)
|
|
| Issuances |
0
|
0
|
1
|
8
|
|
| Settlements |
(144)
|
(72)
|
(197)
|
(133)
|
|
| Gross Transfers into Level 3 |
546
|
406
|
1,006
|
918
|
|
| Gross Transfers out of Level 3 |
(166)
|
(315)
|
(299)
|
(658)
|
|
| Balance, ending |
3,936
|
3,726
|
3,936
|
3,726
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
49
|
(37)
|
48
|
(256)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
34
|
(11)
|
12
|
(67)
|
|
| Non-agency residential MBS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
284
|
524
|
378
|
424
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
(2)
|
(15)
|
(5)
|
|
| Gains (losses) in OCI |
3
|
4
|
(94)
|
(9)
|
|
| Purchases |
0
|
23
|
0
|
23
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(8)
|
(10)
|
(25)
|
(22)
|
|
| Gross Transfers into Level 3 |
0
|
5
|
36
|
133
|
|
| Gross Transfers out of Level 3 |
(75)
|
(82)
|
(75)
|
(82)
|
|
| Balance, ending |
205
|
462
|
205
|
462
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
(2)
|
(2)
|
(5)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
3
|
4
|
(94)
|
(9)
|
|
| Non-U.S. securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
13
|
1
|
18
|
2
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(1)
|
0
|
(1)
|
0
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
(1)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(1)
|
0
|
(6)
|
0
|
|
| Gross Transfers into Level 3 |
0
|
4
|
0
|
4
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
11
|
5
|
11
|
5
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Other taxable securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
73
|
68
|
71
|
65
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
0
|
0
|
0
|
|
| Gains (losses) in OCI |
1
|
0
|
(5)
|
0
|
|
| Purchases |
0
|
0
|
8
|
3
|
|
| Sales |
0
|
(4)
|
0
|
(4)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
0
|
0
|
|
| Gross Transfers into Level 3 |
0
|
1
|
0
|
1
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
74
|
65
|
74
|
65
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
1
|
0
|
(5)
|
0
|
|
| Tax-exempt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
98
|
100
|
176
|
108
|
|
| Total realized and unrealized gains (losses) included in Net Income |
3
|
(24)
|
17
|
(34)
|
|
| Gains (losses) in OCI |
0
|
1
|
0
|
3
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
0
|
0
|
|
| Gross Transfers into Level 3 |
0
|
265
|
0
|
265
|
|
| Gross Transfers out of Level 3 |
(50)
|
(5)
|
(142)
|
(5)
|
|
| Balance, ending |
51
|
337
|
51
|
337
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
3
|
(24)
|
16
|
(33)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
1
|
0
|
3
|
|
| Total AFS debt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
468
|
693
|
643
|
599
|
|
| Total realized and unrealized gains (losses) included in Net Income |
3
|
(26)
|
1
|
(39)
|
|
| Gains (losses) in OCI |
4
|
5
|
(99)
|
(6)
|
|
| Purchases |
0
|
23
|
8
|
26
|
|
| Sales |
0
|
(4)
|
0
|
(5)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(9)
|
(10)
|
(31)
|
(22)
|
|
| Gross Transfers into Level 3 |
0
|
275
|
36
|
403
|
|
| Gross Transfers out of Level 3 |
(125)
|
(87)
|
(217)
|
(87)
|
|
| Balance, ending |
341
|
869
|
341
|
869
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
3
|
(26)
|
14
|
(38)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
4
|
5
|
(99)
|
(6)
|
|
| Other debt securities carried at fair value – Non-agency residential MBS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
260
|
269
|
267
|
299
|
|
| Total realized and unrealized gains (losses) included in Net Income |
3
|
43
|
2
|
(6)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(14)
|
(4)
|
(20)
|
(8)
|
|
| Gross Transfers into Level 3 |
32
|
150
|
32
|
176
|
|
| Gross Transfers out of Level 3 |
0
|
(9)
|
0
|
(12)
|
|
| Balance, ending |
281
|
449
|
281
|
449
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
3
|
43
|
2
|
(29)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Loans and leases |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
793
|
558
|
717
|
693
|
|
| Total realized and unrealized gains (losses) included in Net Income |
34
|
47
|
104
|
(72)
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
32
|
0
|
32
|
|
| Sales |
0
|
(1)
|
0
|
(1)
|
|
| Issuances |
60
|
22
|
70
|
22
|
|
| Settlements |
(46)
|
(15)
|
(80)
|
(31)
|
|
| Gross Transfers into Level 3 |
16
|
98
|
46
|
98
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
857
|
741
|
857
|
741
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
34
|
46
|
111
|
(36)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Loans held-for-sale |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
220
|
1,077
|
236
|
375
|
|
| Total realized and unrealized gains (losses) included in Net Income |
10
|
9
|
4
|
0
|
|
| Gains (losses) in OCI |
11
|
(5)
|
3
|
(33)
|
|
| Purchases |
38
|
0
|
38
|
0
|
|
| Sales |
0
|
(81)
|
0
|
(81)
|
|
| Issuances |
0
|
0
|
0
|
691
|
|
| Settlements |
(23)
|
(30)
|
(40)
|
(75)
|
|
| Gross Transfers into Level 3 |
7
|
0
|
26
|
93
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
(4)
|
0
|
|
| Balance, ending |
263
|
970
|
263
|
970
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
4
|
5
|
(5)
|
(10)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
11
|
(5)
|
3
|
(33)
|
|
| Other assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
2,090
|
1,960
|
1,970
|
2,360
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(153)
|
(68)
|
21
|
(319)
|
|
| Gains (losses) in OCI |
4
|
13
|
8
|
(17)
|
|
| Purchases |
55
|
0
|
55
|
0
|
|
| Sales |
(144)
|
0
|
(145)
|
1
|
|
| Issuances |
23
|
133
|
64
|
153
|
|
| Settlements |
(100)
|
(128)
|
(205)
|
(270)
|
|
| Gross Transfers into Level 3 |
0
|
3
|
7
|
5
|
|
| Gross Transfers out of Level 3 |
0
|
(2)
|
0
|
(2)
|
|
| Balance, ending |
1,775
|
1,911
|
1,775
|
1,911
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(117)
|
(91)
|
46
|
(376)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ 4
|
$ 13
|
$ 8
|
$ (17)
|
|