Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
|
Mar. 31, 2026 |
Mar. 31, 2025 |
Dec. 31, 2025 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
$ 26
|
$ 25
|
|
| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |
|
|
|
| Balance, beginning |
(1,313)
|
(1,961)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1,077
|
850
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
348
|
246
|
|
| Sales |
(473)
|
(377)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
136
|
(43)
|
|
| Gross Transfers into Level 3 |
(520)
|
(254)
|
|
| Gross Transfers out of Level 3 |
161
|
9
|
|
| Balance, ending |
(584)
|
(1,530)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
$ 1,196
|
$ 776
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other income (loss), Market making and similar activities
|
Other income (loss), Market making and similar activities
|
|
| Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
|
|
| Gains (losses) in OCI |
$ 26
|
$ 25
|
|
| Derivative assets |
338,400
|
|
$ 292,200
|
| Derivative liabilities |
333,000
|
|
297,600
|
| Total trading account assets |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
3,419
|
3,510
|
|
| Total realized and unrealized gains (losses) included in Net Income |
77
|
183
|
|
| Gains (losses) in OCI |
11
|
16
|
|
| Purchases |
838
|
673
|
|
| Sales |
(563)
|
(455)
|
|
| Issuances |
29
|
8
|
|
| Settlements |
(314)
|
(597)
|
|
| Gross Transfers into Level 3 |
408
|
341
|
|
| Gross Transfers out of Level 3 |
(286)
|
(202)
|
|
| Balance, ending |
3,619
|
3,477
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
29
|
102
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
11
|
16
|
|
| Corporate securities, trading loans and other |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
1,922
|
1,814
|
|
| Total realized and unrealized gains (losses) included in Net Income |
115
|
122
|
|
| Gains (losses) in OCI |
4
|
1
|
|
| Purchases |
609
|
514
|
|
| Sales |
(413)
|
(346)
|
|
| Issuances |
29
|
8
|
|
| Settlements |
(242)
|
(304)
|
|
| Gross Transfers into Level 3 |
267
|
203
|
|
| Gross Transfers out of Level 3 |
(222)
|
(99)
|
|
| Balance, ending |
2,069
|
1,913
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
72
|
35
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
4
|
1
|
|
| Equity securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
322
|
374
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(12)
|
9
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
32
|
56
|
|
| Sales |
(40)
|
(13)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
(105)
|
|
| Gross Transfers into Level 3 |
12
|
45
|
|
| Gross Transfers out of Level 3 |
(28)
|
(31)
|
|
| Balance, ending |
286
|
335
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(12)
|
1
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Non-U.S. sovereign debt |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
240
|
344
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(3)
|
49
|
|
| Gains (losses) in OCI |
7
|
15
|
|
| Purchases |
7
|
16
|
|
| Sales |
(3)
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(15)
|
(171)
|
|
| Gross Transfers into Level 3 |
13
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
(11)
|
|
| Balance, ending |
246
|
242
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(3)
|
49
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
7
|
15
|
|
| Mortgage trading loans, MBS and ABS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
935
|
978
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(23)
|
3
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
190
|
87
|
|
| Sales |
(107)
|
(96)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(57)
|
(17)
|
|
| Gross Transfers into Level 3 |
116
|
93
|
|
| Gross Transfers out of Level 3 |
(36)
|
(61)
|
|
| Balance, ending |
1,018
|
987
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(28)
|
17
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Total AFS debt securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
353
|
611
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
(2)
|
|
| Gains (losses) in OCI |
0
|
2
|
|
| Purchases |
23
|
731
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(4)
|
(92)
|
|
| Gross Transfers into Level 3 |
2
|
0
|
|
| Gross Transfers out of Level 3 |
(287)
|
(240)
|
|
| Balance, ending |
87
|
1,010
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
(2)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
2
|
|
| Non-agency residential MBS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
9
|
247
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
0
|
|
| 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 |
(9)
|
(240)
|
|
| Balance, ending |
0
|
7
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Commercial MBS |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
22
|
328
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
(2)
|
|
| Gains (losses) in OCI |
0
|
3
|
|
| Purchases |
18
|
225
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(1)
|
(90)
|
|
| Gross Transfers into Level 3 |
2
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
41
|
464
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
(2)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
3
|
|
| Non-U.S. and other taxable securities |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
322
|
36
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
0
|
|
| Gains (losses) in OCI |
0
|
(1)
|
|
| Purchases |
5
|
506
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(3)
|
(2)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
(278)
|
0
|
|
| Balance, ending |
46
|
539
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
0
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
(1)
|
|
| 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 |
125
|
149
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
2
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
(1)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
(125)
|
(99)
|
|
| Balance, ending |
0
|
51
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
(1)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Loans and leases |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
76
|
82
|
|
| 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 |
(6)
|
(2)
|
|
| Gross Transfers into Level 3 |
0
|
44
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
70
|
125
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(1)
|
1
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Loans held-for-sale |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
55
|
132
|
|
| Total realized and unrealized gains (losses) included in Net Income |
1
|
13
|
|
| Gains (losses) in OCI |
1
|
2
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
(14)
|
|
| Issuances |
0
|
0
|
|
| Settlements |
(5)
|
(10)
|
|
| Gross Transfers into Level 3 |
2
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
54
|
123
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
5
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
1
|
2
|
|
| Other assets |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
2,118
|
1,969
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(30)
|
(18)
|
|
| Gains (losses) in OCI |
0
|
8
|
|
| Purchases |
15
|
32
|
|
| Sales |
0
|
0
|
|
| Issuances |
62
|
37
|
|
| Settlements |
(101)
|
(69)
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
2,064
|
1,959
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(34)
|
(35)
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Gains (losses) in OCI |
0
|
8
|
|
| Trading account liabilities – Equity securities |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(14)
|
(10)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
0
|
3
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
4
|
3
|
|
| Sales |
(3)
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
0
|
0
|
|
| Gross Transfers into Level 3 |
(5)
|
(3)
|
|
| Gross Transfers out of Level 3 |
0
|
2
|
|
| Balance, ending |
(18)
|
(5)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
0
|
3
|
|
| Trading account liabilities – Corporate securities and other |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(119)
|
(110)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(4)
|
(33)
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
(1)
|
(1)
|
|
| Sales |
0
|
(4)
|
|
| Issuances |
(1)
|
0
|
|
| Settlements |
30
|
10
|
|
| Gross Transfers into Level 3 |
(1)
|
(11)
|
|
| Gross Transfers out of Level 3 |
4
|
1
|
|
| Balance, ending |
(92)
|
(148)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(6)
|
(40)
|
|
| Short-term borrowings |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(40)
|
|
|
| Total realized and unrealized gains (losses) included in Net Income |
33
|
|
|
| Gains (losses) in OCI |
0
|
|
|
| Purchases |
0
|
|
|
| Sales |
0
|
|
|
| Issuances |
(5)
|
|
|
| Settlements |
2
|
|
|
| Gross Transfers into Level 3 |
0
|
|
|
| Gross Transfers out of Level 3 |
0
|
|
|
| Balance, ending |
(10)
|
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(1)
|
|
|
| Accrued expenses and other liabilities |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(28)
|
(89)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(53)
|
(7)
|
|
| Gains (losses) in OCI |
0
|
0
|
|
| Purchases |
0
|
2
|
|
| Sales |
0
|
0
|
|
| Issuances |
0
|
0
|
|
| Settlements |
25
|
0
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
4
|
0
|
|
| Balance, ending |
(52)
|
(94)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(53)
|
(7)
|
|
| Long-term debt |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance, beginning |
(481)
|
(553)
|
|
| Total realized and unrealized gains (losses) included in Net Income |
(66)
|
(23)
|
|
| Gains (losses) in OCI |
16
|
10
|
|
| Purchases |
0
|
0
|
|
| Sales |
0
|
0
|
|
| Issuances |
(45)
|
0
|
|
| Settlements |
5
|
123
|
|
| Gross Transfers into Level 3 |
0
|
0
|
|
| Gross Transfers out of Level 3 |
0
|
0
|
|
| Balance, ending |
(571)
|
(443)
|
|
| Change in unrealized gains (losses) in net income related to financial instruments still held |
(66)
|
(23)
|
|
| Level 3 | Recurring |
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Derivative assets |
4,842
|
3,500
|
3,802
|
| Derivative liabilities |
$ 5,426
|
$ 5,000
|
$ 5,115
|