Quarterly report pursuant to Section 13 or 15(d)

Derivatives - Credit Derivatives (Details)

v3.24.1.u1
Derivatives - Credit Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Carrying Value of Credit Derivatives    
Total $ 292,300 $ 301,200
Carrying Value of Credit-related Notes    
Less than One Year 0 0
One to Three Years 6 5
Three to Five Years 28 16
Over Five Years 1,570 1,962
Total 1,604 1,983
Credit derivatives | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 279 246
One to Three Years 307 357
Three to Five Years 755 683
Over Five Years 580 620
Total 1,921 1,906
Maximum Payout/Notional    
Less than One Year 123,564 113,020
One to Three Years 102,826 100,087
Three to Five Years 154,882 120,715
Over Five Years 63,646 23,861
Total 444,918 357,683
Credit default swaps: | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 24 38
One to Three Years 244 288
Three to Five Years 685 627
Over Five Years 573 615
Total 1,526 1,568
Maximum Payout/Notional    
Less than One Year 53,687 51,811
One to Three Years 99,512 97,170
Three to Five Years 151,299 117,247
Over Five Years 61,863 22,850
Total 366,361 289,078
Total return swaps/options: | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 255 208
One to Three Years 63 69
Three to Five Years 70 56
Over Five Years 7 5
Total 395 338
Maximum Payout/Notional    
Less than One Year 69,877 61,209
One to Three Years 3,314 2,917
Three to Five Years 3,583 3,468
Over Five Years 1,783 1,011
Total 78,557 68,605
Investment grade    
Carrying Value of Credit-related Notes    
Less than One Year 0 0
One to Three Years 0 0
Three to Five Years 10 0
Over Five Years 558 859
Total 568 859
Investment grade | Credit default swaps: | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 1 0
One to Three Years 7 11
Three to Five Years 15 26
Over Five Years 21 20
Total 44 57
Maximum Payout/Notional    
Less than One Year 37,594 33,750
One to Three Years 68,197 65,015
Three to Five Years 114,691 83,313
Over Five Years 49,572 17,023
Total 270,054 199,101
Investment grade | Total return swaps/options: | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 18 59
One to Three Years 0 0
Three to Five Years 0 0
Over Five Years 0 0
Total 18 59
Maximum Payout/Notional    
Less than One Year 49,019 40,515
One to Three Years 1,770 1,503
Three to Five Years 1,378 1,561
Over Five Years 894 23
Total 53,061 43,602
Non-investment grade    
Carrying Value of Credit-related Notes    
Less than One Year 0 0
One to Three Years 6 5
Three to Five Years 18 16
Over Five Years 1,012 1,103
Total 1,036 1,124
Non-investment grade | Credit default swaps: | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 23 38
One to Three Years 237 277
Three to Five Years 670 601
Over Five Years 552 595
Total 1,482 1,511
Maximum Payout/Notional    
Less than One Year 16,093 18,061
One to Three Years 31,315 32,155
Three to Five Years 36,608 33,934
Over Five Years 12,291 5,827
Total 96,307 89,977
Non-investment grade | Total return swaps/options: | Written credit derivatives:    
Carrying Value of Credit Derivatives    
Less than One Year 237 149
One to Three Years 63 69
Three to Five Years 70 56
Over Five Years 7 5
Total 377 279
Maximum Payout/Notional    
Less than One Year 20,858 20,694
One to Three Years 1,544 1,414
Three to Five Years 2,205 1,907
Over Five Years 889 988
Total $ 25,496 $ 25,003