Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Dec. 31, 2021 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ (9)
|
$ 67
|
$ 71
|
$ (5)
|
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(2,134)
|
(3,206)
|
(2,662)
|
(3,468)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
725
|
5
|
1,342
|
291
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
67
|
211
|
125
|
349
|
|
| Sales |
(166)
|
(88)
|
(351)
|
(349)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
237
|
36
|
344
|
183
|
|
| Gross Transfers into Level 3 |
(36)
|
(83)
|
(179)
|
(191)
|
|
| Gross Transfers out of Level 3 |
(375)
|
241
|
(301)
|
301
|
|
| Balance, ending |
(1,682)
|
(2,884)
|
(1,682)
|
(2,884)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
763
|
(19)
|
1,238
|
192
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(9)
|
67
|
71
|
(5)
|
|
| Derivative assets |
408,700
|
|
408,700
|
|
$ 348,400
|
| Derivative liabilities |
389,500
|
|
389,500
|
|
355,500
|
| Level 3 | Recurring |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Derivative assets |
2,967
|
3,300
|
2,967
|
3,300
|
3,133
|
| Derivative liabilities |
4,649
|
6,200
|
4,649
|
6,200
|
$ 5,795
|
| Trading account liabilities – Corporate securities and other |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(11)
|
(16)
|
(11)
|
(16)
|
|
| 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
|
0
|
|
| Issuances |
0
|
(1)
|
0
|
(1)
|
|
| Settlements |
(2)
|
0
|
(2)
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
(14)
|
(17)
|
(14)
|
(17)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
0
|
1
|
|
| Accrued expenses and other liabilities |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(50)
|
|
0
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(13)
|
|
(63)
|
|
|
| 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 |
(63)
|
|
(63)
|
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(13)
|
|
(64)
|
|
|
| Long-term debt |
|
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
(877)
|
(1,028)
|
(1,075)
|
(1,164)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(13)
|
(67)
|
(122)
|
(18)
|
|
| Gains (losses) in OCI |
46
|
15
|
79
|
2
|
|
| Purchases |
0
|
2
|
0
|
2
|
|
| Sales |
14
|
0
|
14
|
0
|
|
| Issuances |
(1)
|
(2)
|
(1)
|
(2)
|
|
| Settlements |
13
|
19
|
17
|
37
|
|
| Gross Transfers into Level 3 |
0
|
0
|
(6)
|
(32)
|
|
| Gross Transfers out of Level 3 |
6
|
1
|
282
|
115
|
|
| Balance, ending |
(812)
|
(1,060)
|
(812)
|
(1,060)
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(13)
|
(66)
|
(125)
|
(34)
|
|
| Total trading account assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
4,483
|
3,684
|
4,223
|
3,380
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(163)
|
80
|
(221)
|
106
|
|
| Gains (losses) in OCI |
(34)
|
34
|
19
|
12
|
|
| Purchases |
850
|
312
|
1,009
|
728
|
|
| Sales |
(218)
|
(410)
|
(532)
|
(801)
|
|
| Issuances |
0
|
0
|
0
|
1
|
|
| Settlements |
(172)
|
(144)
|
(230)
|
(197)
|
|
| Gross Transfers into Level 3 |
240
|
546
|
912
|
1,006
|
|
| Gross Transfers out of Level 3 |
(584)
|
(166)
|
(778)
|
(299)
|
|
| Balance, ending |
4,402
|
3,936
|
4,402
|
3,936
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(192)
|
49
|
(172)
|
48
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(34)
|
34
|
19
|
12
|
|
| Corporate securities, trading loans and other |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
2,189
|
1,516
|
2,110
|
1,359
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(67)
|
38
|
(69)
|
25
|
|
| Gains (losses) in OCI |
(1)
|
0
|
(1)
|
0
|
|
| Purchases |
755
|
185
|
767
|
426
|
|
| Sales |
(45)
|
(110)
|
(198)
|
(257)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(99)
|
(116)
|
(117)
|
(133)
|
|
| Gross Transfers into Level 3 |
152
|
306
|
520
|
458
|
|
| Gross Transfers out of Level 3 |
(517)
|
(55)
|
(645)
|
(114)
|
|
| Balance, ending |
2,367
|
1,764
|
2,367
|
1,764
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(90)
|
16
|
(53)
|
(5)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(1)
|
0
|
(1)
|
0
|
|
| Equity securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
183
|
273
|
190
|
227
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(9)
|
32
|
7
|
22
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
12
|
8
|
28
|
53
|
|
| Sales |
(9)
|
(26)
|
(15)
|
(49)
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
(4)
|
0
|
|
| Gross Transfers into Level 3 |
18
|
26
|
26
|
78
|
|
| Gross Transfers out of Level 3 |
(16)
|
(53)
|
(53)
|
(71)
|
|
| Balance, ending |
179
|
260
|
179
|
260
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(7)
|
23
|
(11)
|
14
|
|
| 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 |
496
|
334
|
396
|
354
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(1)
|
20
|
19
|
20
|
|
| Gains (losses) in OCI |
(33)
|
34
|
20
|
12
|
|
| Purchases |
5
|
0
|
7
|
2
|
|
| Sales |
(2)
|
0
|
(2)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
0
|
0
|
(15)
|
0
|
|
| Gross Transfers into Level 3 |
5
|
26
|
50
|
26
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
(5)
|
0
|
|
| Balance, ending |
470
|
414
|
470
|
414
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
20
|
16
|
23
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(33)
|
34
|
20
|
12
|
|
| Mortgage trading loans, MBS and ABS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,615
|
1,561
|
1,527
|
1,440
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(86)
|
(10)
|
(178)
|
39
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
78
|
119
|
207
|
247
|
|
| Sales |
(162)
|
(274)
|
(317)
|
(495)
|
|
| Issuances |
0
|
0
|
0
|
1
|
|
| Settlements |
(73)
|
(28)
|
(94)
|
(64)
|
|
| Gross Transfers into Level 3 |
65
|
188
|
316
|
444
|
|
| Gross Transfers out of Level 3 |
(51)
|
(58)
|
(75)
|
(114)
|
|
| Balance, ending |
1,386
|
1,498
|
1,386
|
1,498
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(95)
|
(10)
|
(124)
|
16
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Total AFS debt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
451
|
468
|
439
|
643
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
3
|
5
|
1
|
|
| Gains (losses) in OCI |
(6)
|
4
|
(31)
|
(99)
|
|
| Purchases |
126
|
0
|
126
|
8
|
|
| Sales |
0
|
0
|
(8)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(28)
|
(9)
|
(72)
|
(31)
|
|
| Gross Transfers into Level 3 |
74
|
0
|
161
|
36
|
|
| Gross Transfers out of Level 3 |
(67)
|
(125)
|
(69)
|
(217)
|
|
| Balance, ending |
551
|
341
|
551
|
341
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
3
|
4
|
14
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(6)
|
4
|
(31)
|
(99)
|
|
| Non-agency residential MBS |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
244
|
284
|
316
|
378
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(2)
|
1
|
2
|
(15)
|
|
| Gains (losses) in OCI |
2
|
3
|
(22)
|
(94)
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
(8)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(19)
|
(8)
|
(63)
|
(25)
|
|
| Gross Transfers into Level 3 |
74
|
0
|
74
|
36
|
|
| Gross Transfers out of Level 3 |
0
|
(75)
|
0
|
(75)
|
|
| Balance, ending |
299
|
205
|
299
|
205
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(2)
|
0
|
2
|
(2)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
2
|
3
|
(22)
|
(94)
|
|
| Non-U.S. and other taxable securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
155
|
86
|
71
|
89
|
|
| Total realized and unrealized gains (losses) included in Net Income |
3
|
(1)
|
3
|
(1)
|
|
| Gains (losses) in OCI |
(8)
|
1
|
(9)
|
(5)
|
|
| Purchases |
126
|
0
|
126
|
8
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(9)
|
(1)
|
(9)
|
(6)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
87
|
0
|
|
| Gross Transfers out of Level 3 |
(67)
|
0
|
(69)
|
0
|
|
| Balance, ending |
200
|
85
|
200
|
85
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
0
|
3
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(8)
|
1
|
(9)
|
(5)
|
|
| Tax-exempt securities |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
52
|
98
|
52
|
176
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
3
|
0
|
17
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| 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
|
0
|
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
(50)
|
0
|
(142)
|
|
| Balance, ending |
52
|
51
|
52
|
51
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
0
|
3
|
(1)
|
16
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| 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 |
138
|
260
|
242
|
267
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(1)
|
3
|
(40)
|
2
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
0
|
0
|
0
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(8)
|
(14)
|
(73)
|
(20)
|
|
| Gross Transfers into Level 3 |
0
|
32
|
0
|
32
|
|
| Gross Transfers out of Level 3 |
(17)
|
0
|
(17)
|
0
|
|
| Balance, ending |
112
|
281
|
112
|
281
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(1)
|
3
|
(5)
|
2
|
|
| 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 |
690
|
793
|
748
|
717
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(11)
|
34
|
(41)
|
104
|
|
| Gains (losses) in OCI |
0
|
0
|
0
|
0
|
|
| Purchases |
0
|
0
|
0
|
0
|
|
| Sales |
(153)
|
0
|
(154)
|
0
|
|
| Issuances |
0
|
60
|
0
|
70
|
|
| Settlements |
(21)
|
(46)
|
(48)
|
(80)
|
|
| Gross Transfers into Level 3 |
0
|
16
|
0
|
46
|
|
| Gross Transfers out of Level 3 |
(249)
|
0
|
(249)
|
0
|
|
| Balance, ending |
256
|
857
|
256
|
857
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
(9)
|
34
|
(34)
|
111
|
|
| 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 |
382
|
220
|
317
|
236
|
|
| Total realized and unrealized gains (losses) included in Net Income |
17
|
10
|
24
|
4
|
|
| Gains (losses) in OCI |
(7)
|
11
|
5
|
3
|
|
| Purchases |
66
|
38
|
170
|
38
|
|
| Sales |
(6)
|
0
|
(6)
|
0
|
|
| Issuances |
0
|
0
|
0
|
0
|
|
| Settlements |
(115)
|
(23)
|
(173)
|
(40)
|
|
| Gross Transfers into Level 3 |
8
|
7
|
8
|
26
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
(4)
|
|
| Balance, ending |
345
|
263
|
345
|
263
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
13
|
4
|
18
|
(5)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
(7)
|
11
|
5
|
3
|
|
| Other assets |
|
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Balance, beginning |
1,695
|
2,090
|
1,572
|
1,970
|
|
| Total realized and unrealized gains (losses) included in Net Income |
82
|
(153)
|
226
|
21
|
|
| Gains (losses) in OCI |
(8)
|
4
|
(5)
|
8
|
|
| Purchases |
0
|
55
|
0
|
55
|
|
| Sales |
0
|
(144)
|
1
|
(145)
|
|
| Issuances |
45
|
23
|
85
|
64
|
|
| Settlements |
(64)
|
(100)
|
(133)
|
(205)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
4
|
7
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
0
|
0
|
|
| Balance, ending |
1,750
|
1,775
|
1,750
|
1,775
|
|
| Change in unrealized gains/(losses) In net income related to financial instruments still held |
61
|
(117)
|
193
|
46
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
|
| Gains (losses) in OCI |
$ (8)
|
$ 4
|
$ (5)
|
$ 8
|
|