Bank of America (BAC) 10-K22 Feb 232022 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2022	Feb. 21, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-6523
Entity Registrant Name	Bank of America Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	56-0906609
Entity Address, Address Line One	100 N. Tryon Street
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28255
City Area Code	704
Local Phone Number	386-5681
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 250,136,457,342
Entity Common Stock, Shares Outstanding		8,003,839,222
Documents Incorporated by Reference	Portions of the definitive proxy statement relating to the registrant’s 2023 annual meeting of shareholders are incorporated by reference in this Form 10-K in response to Items 10, 11, 12, 13 and 14 of Part III.
Entity Central Index Key	0000070858
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock, par value $0.01 per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BAC
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrE
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrB
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, HH
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrK
Security Exchange Name	NYSE
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
Document Information [Line Items]
Title of 12(b) Security	7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
Trading Symbol	BAC PrL
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrG
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 2
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrH
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 4
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrJ
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 5
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrL
Security Exchange Name	NYSE
Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)
Document Information [Line Items]
Title of 12(b) Security	Floating Rate Preferred Hybrid Income Term Securities of BAC Capital
Trading Symbol	BAC/PF
Security Exchange Name	NYSE
5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)
Document Information [Line Items]
Title of 12(b) Security	5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities
Trading Symbol	BAC/PG
Security Exchange Name	NYSE
Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation
Document Information [Line Items]
Title of 12(b) Security	Income Capital Obligation Notes initially due December 15, 2066 of
Trading Symbol	MER PrK
Security Exchange Name	NYSE
Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with respect thereto)
Document Information [Line Items]
Title of 12(b) Security	Senior Medium-Term Notes, Series A, Step Up Callable Notes, due
Trading Symbol	BAC/31B
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrM
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrN
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrO
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrP
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrQ
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrS
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers, LLP
Auditor Location	Charlotte, North Carolina
Auditor Firm ID	238

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net interest income
Interest income	$ 72,565	$ 47,672	$ 51,585
Interest expense	20,103	4,738	8,225
Net interest income	52,462	42,934	43,360
Noninterest income
Fees and commissions	33,212	39,299	34,551
Market making and similar activities	12,075	8,691	8,355
Other income	(2,799)	(1,811)	(738)
Total noninterest income	42,488	46,179	42,168
Total revenue, net of interest expense	94,950	89,113	85,528
Provision for credit losses	2,543	(4,594)	11,320
Noninterest expense
Compensation and benefits	36,447	36,140	32,725
Occupancy and equipment	7,071	7,138	7,141
Information processing and communications	6,279	5,769	5,222
Product delivery and transaction related	3,653	3,881	3,433
Professional fees	2,142	1,775	1,694
Marketing	1,825	1,939	1,701
Other general operating	4,021	3,089	3,297
Total noninterest expense	61,438	59,731	55,213
Income before income taxes	30,969	33,976	18,995
Income tax expense	3,441	1,998	1,101
Net income	27,528	31,978	17,894
Preferred stock dividends and other	1,513	1,421	1,421
Net income applicable to common shareholders	$ 26,015	$ 30,557	$ 16,473
Per common share information
Earnings (in dollars per share)	$ 3.21	$ 3.60	$ 1.88
Diluted earnings (in dollars per share)	$ 3.19	$ 3.57	$ 1.87
Average common shares issued and outstanding (in shares)	8,113.7	8,493.3	8,753.2
Average diluted common shares issued and outstanding (in shares)	8,167.5	8,558.4	8,796.9

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 27,528	$ 31,978	$ 17,894
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	(6,028)	(2,077)	4,799
Net change in debit valuation adjustments	755	356	(498)
Net change in derivatives	(10,055)	(2,306)	826
Employee benefit plan adjustments	(667)	624	(98)
Net change in foreign currency translation adjustments	(57)	(45)	(52)
Other comprehensive income (loss)	(16,052)	(3,448)	4,977
Comprehensive income (loss)	$ 11,476	$ 28,530	$ 22,871

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 30,334	$ 29,222
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	199,869	318,999
Cash and cash equivalents	230,203	348,221
Time deposits placed and other short-term investments	7,259	7,144
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $146,999 and $150,665 measured at fair value)	267,574	250,720
Trading account assets (includes $115,505 and $103,434 pledged as collateral)	296,108	247,080
Derivative assets	48,642	35,344
Debt securities:
Carried at fair value	229,994	308,073
Held-to-maturity, at cost (fair value – $524,267 and $665,890)	632,825	674,554
Total debt securities	862,819	982,627
Loans and leases (includes $5,771 and $7,819 measured at fair value)	1,045,747	979,124
Allowance for loan and lease losses	(12,682)	(12,387)
Loans and leases, net of allowance	1,033,065	966,737
Premises and equipment, net	11,510	10,833
Goodwill	69,022	69,022
Loans held-for-sale (includes $1,115 and $4,455 measured at fair value)	6,871	15,635
Customer and other receivables	67,543	72,263
Other assets (includes $9,594 and $12,144 measured at fair value)	150,759	163,869
Total assets	3,051,375	3,169,495
Deposits in U.S. offices:
Noninterest-bearing	640,745	784,189
Interest-bearing (includes $311 and $408 measured at fair value)	1,182,590	1,165,914
Deposits in non-U.S. offices:
Noninterest-bearing	20,480	27,457
Interest-bearing	86,526	86,886
Total deposits	1,930,341	2,064,446
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $151,708 and $139,641 measured at fair value)	195,635	192,329
Trading account liabilities	80,399	100,690
Derivative liabilities	44,816	37,675
Short-term borrowings (includes $832 and $4,279 measured at fair value)	26,932	23,753
Accrued expenses and other liabilities (includes $9,752 and $11,489 measured at fair value and $1,540 and $1,456 of reserve for unfunded lending commitments)	224,073	200,419
Long-term debt (includes $33,070 and $29,708 measured at fair value)	275,982	280,117
Total liabilities	2,778,178	2,899,429
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 12 – Commitments and Contingencies)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,088,101 and 3,939,686 shares	28,397	24,708
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,996,777,943 and 8,077,831,463 shares	58,953	62,398
Retained earnings	207,003	188,064
Accumulated other comprehensive income (loss)	(21,156)	(5,104)
Total shareholders’ equity	273,197	270,066
Total liabilities and shareholders’ equity	3,051,375	3,169,495
Consolidated VIEs
Assets
Trading account assets (includes $115,505 and $103,434 pledged as collateral)	2,816	5,004
Debt securities:
Loans and leases (includes $5,771 and $7,819 measured at fair value)	16,738	17,135
Allowance for loan and lease losses	(797)	(958)
Loans and leases, net of allowance	15,941	16,177
Other assets (includes $9,594 and $12,144 measured at fair value)	116	189
Total assets	18,873	21,370
Deposits in non-U.S. offices:
Short-term borrowings (includes $832 and $4,279 measured at fair value)	42	247
Long-term debt (includes $33,070 and $29,708 measured at fair value)	4,581	3,587
All other liabilities (includes $13 and $7 of non-recourse liabilities)	13	7
Total liabilities	$ 4,636	$ 3,841

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell measured at fair value	$ 146,999	$ 150,665
Trading account assets, pledged as collateral	115,505	103,434
Debt securities:
Fair Value	524,267	665,890
Loans and leases, measured at fair value	5,771	7,819
Loans held for sale, measured at fair value	1,115	4,455
Other assets, measured at fair value	9,594	12,144
Deposits in U.S. offices:
Interest bearing, measured at fair value	311	408
Federal funds purchased and securities loans or sold under agreements to repurchase, at fair value	151,708	139,641
Short-term borrowings, measured at fair value	832	4,279
Accrued expenses and other liabilities, measured at fair value	9,752	11,489
Accrued expenses and other liabilities, reserve for unfunded lending commitments	1,540	1,456
Long-term debt, measured at fair value	$ 33,070	$ 29,708
Shareholders’ equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	100,000,000	100,000,000
Preferred stock issued (in shares)	4,088,101	3,939,686
Preferred stock outstanding (in shares)	4,088,101	3,939,686
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	12,800,000,000	12,800,000,000
Common stock issued (in shares)	7,996,777,943	8,077,831,463
Common stock outstanding (in shares)	7,996,777,943	8,077,831,463
Short-term borrowings	$ 26,932	$ 23,753
Long-term debt	275,982	280,117
Consolidated VIEs
Shareholders’ equity
Short-term borrowings	42	247
Long-term debt	4,581	3,587
All other liabilities	13	7
Consolidated VIEs \| Nonrecourse
Shareholders’ equity
Short-term borrowings	42	51
Long-term debt	4,581	3,587
All other liabilities	$ 13	$ 7

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock and Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2019	$ 264,810	$ (2,406)	$ 23,401	$ 91,723	$ 156,319	$ (2,406)	$ (6,633)
Beginning Balance (in shares) at Dec. 31, 2019				8,836.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,894				17,894
Net change in debt securities	4,799						4,799
Net change in debit valuation adjustments	(498)						(498)
Net change in derivatives	826						826
Employee benefit plan adjustments	(98)						(98)
Net change in foreign currency translation adjustments	(52)						(52)
Dividends declared:
Common	(6,289)				(6,289)
Preferred	(1,421)				(1,421)
Issuance of preferred stock	2,181		2,181
Redemption of preferred stock	(1,072)		(1,072)
Common stock issued under employee plans, net, and other	1,275			$ 1,284	(9)
Common stock issued under employee plans, net, and other (in shares)				41.7
Common stock repurchased	(7,025)			$ (7,025)
Common stock repurchased (in shares)				(227)
Ending balance at Dec. 31, 2020	272,924		24,510	$ 85,982	164,088		(1,656)
Ending Balance (in shares) at Dec. 31, 2020				8,650.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	31,978				31,978
Net change in debt securities	(2,077)						(2,077)
Net change in debit valuation adjustments	356						356
Net change in derivatives	(2,306)						(2,306)
Employee benefit plan adjustments	624						624
Net change in foreign currency translation adjustments	(45)						(45)
Dividends declared:
Common	(6,575)				(6,575)
Preferred	(1,421)				(1,421)
Issuance of preferred stock	2,169		2,169
Redemption of preferred stock	(1,971)		(1,971)
Common stock issued under employee plans, net, and other	1,536			$ 1,542	(6)
Common stock issued under employee plans, net, and other (in shares)				42.3
Common stock repurchased	(25,126)			$ (25,126)
Common stock repurchased (in shares)				(615.3)
Ending balance at Dec. 31, 2021	270,066		24,708	$ 62,398	188,064		(5,104)
Ending Balance (in shares) at Dec. 31, 2021				8,077.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,528				27,528
Net change in debt securities	(6,028)						(6,028)
Net change in debit valuation adjustments	755						755
Net change in derivatives	(10,055)						(10,055)
Employee benefit plan adjustments	(667)						(667)
Net change in foreign currency translation adjustments	(57)						(57)
Dividends declared:
Common	(6,963)				(6,963)
Preferred	(1,596)				(1,596)
Issuance of preferred stock	4,426		4,426
Redemption of preferred stock	(654)		(737)	$ 83
Common stock issued under employee plans, net, and other	1,515			$ 1,545	(30)
Common stock issued under employee plans, net, and other (in shares)				44.9
Common stock repurchased	(5,073)			$ (5,073)
Common stock repurchased (in shares)				(125.9)
Ending balance at Dec. 31, 2022	$ 273,197		$ 28,397	$ 58,953	$ 207,003		$ (21,156)
Ending Balance (in shares) at Dec. 31, 2022				7,996.8

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Net income	$ 27,528	$ 31,978	$ 17,894
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	2,543	(4,594)	11,320
Gains on sales of debt securities	(32)	(22)	(411)
Depreciation and amortization	1,978	1,898	1,843
Net amortization of premium/discount on debt securities	2,072	5,837	4,101
Deferred income taxes	739	(838)	(1,737)
Stock-based compensation	2,862	2,768	2,031
Loans held-for-sale:
Originations and purchases	(24,862)	(43,635)	(19,657)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities	31,567	34,684	19,049
Net change in:
Trading and derivative assets/liabilities	(95,772)	(22,104)	16,942
Other assets	20,799	(34,455)	(12,883)
Accrued expenses and other liabilities	23,029	16,639	(4,385)
Other operating activities, net	1,222	4,651	3,886
Net cash provided by (used in) operating activities	(6,327)	(7,193)	37,993
Investing activities
Time deposits placed and other short-term investments	(115)	(598)	561
Federal funds sold and securities borrowed or purchased under agreements to resell	(16,854)	53,338	(29,461)
Debt securities carried at fair value:
Proceeds from sales	69,114	6,893	77,524
Proceeds from paydowns and maturities	110,195	159,616	91,084
Purchases	(134,962)	(238,398)	(194,877)
Held-to-maturity debt securities:
Proceeds from paydowns and maturities	63,852	124,880	93,835
Purchases	(24,096)	(362,736)	(257,535)
Loans and leases:
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities	26,757	10,396	13,351
Purchases	(5,798)	(5,164)	(5,229)
Other changes in loans and leases, net	(86,010)	(58,039)	36,571
Other investing activities, net	(4,612)	(3,479)	(3,489)
Net cash used in investing activities	(2,529)	(313,291)	(177,665)
Financing activities
Deposits	(134,190)	268,966	360,677
Federal funds purchased and securities loaned or sold under agreements to repurchase	3,306	22,006	5,214
Short-term borrowings	3,179	4,432	(4,893)
Long-term debt:
Proceeds from issuance	65,910	76,675	57,013
Retirement	(34,055)	(46,826)	(47,948)
Preferred stock:
Proceeds from issuance	4,426	2,169	2,181
Redemption	(654)	(1,971)	(1,072)
Common stock repurchased	(5,073)	(25,126)	(7,025)
Cash dividends paid	(8,576)	(8,055)	(7,727)
Other financing activities, net	(312)	(620)	(601)
Net cash provided by (used in) financing activities	(106,039)	291,650	355,819
Effect of exchange rate changes on cash and cash equivalents	(3,123)	(3,408)	2,756
Net increase (decrease) in cash and cash equivalents	(118,018)	(32,242)	218,903
Cash and cash equivalents at January 1	348,221	380,463	161,560
Cash and cash equivalents at December 31	230,203	348,221	380,463
Supplemental cash flow disclosures
Interest paid	18,526	4,506	8,662
Income taxes paid, net	$ 2,288	$ 2,760	$ 2,894

Summary of Significant Accounti

Summary of Significant Accounting Principles	12 Months Ended
Summary of Significant Accounting Principles	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Principles	Summary of Significant Accounting Principles Bank of America Corporation, a bank holding company and a financial holding company, provides a diverse range of financial services and products throughout the U.S. and in certain international markets. The term “the Corporation” as used herein may refer to Bank of America Corporation, individually, Bank of America Corporation and its subsidiaries, or certain of Bank of America Corporation’s subsidiaries or affiliates. Principles of Consolidation and Basis of Presentation The Consolidated Financial Statements include the accounts of the Corporation and its majority-owned subsidiaries and those variable interest entities (VIEs) where the Corporation is the primary beneficiary. Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition, and for VIEs, from the dates that the Corporation became the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the Consolidated Financial Statements. The Corporation accounts for investments in companies for which it owns a voting interest and for which it has the ability to exercise significant influence over operating and financing decisions using the equity method of accounting. These investments, which include the Corporation’s interests in affordable housing and renewable energy partnerships, are recorded in other assets. Equity method investments are subject to impairment testing, and the Corporation’s proportionate share of income or loss is included in other income. The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could materially differ from those estimates and assumptions. Certain prior-period amounts have been reclassified to conform to current period presentation. New Accounting Standards Hedge Accounting The FASB issued a new accounting standard that makes targeted improvements to the application of the fair value hedge accounting guidance for closed portfolios of financial assets. The targeted improvements were effective January 1, 2023 on a prospective basis. Financial Instruments – Credit Losses The FASB amended the accounting and disclosure requirements for expected credit losses (ECL) by removing the recognition and measurement guidance on troubled debt restructurings (TDRs) and adding disclosures on the financial effect and subsequent performance of certain types of modifications made to borrowers experiencing financial difficulties. The effects of these changes on the Corporation’s consolidated financial position, results of operations or disclosures in the Notes to the Consolidated Financial Statements are not significant. The amendments were effective on January 1, 2023, which the Corporation adopted using a modified retrospective approach. Significant Accounting Principles Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, cash segregated under federal and other brokerage regulations, and amounts due from correspondent banks, the Federal Reserve Bank and certain non-U.S. central banks. Certain cash balances are restricted as to withdrawal or usage by legally binding contractual agreements or regulatory requirements. Securities Financing Agreements Securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase (securities financing agreements) are treated as collateralized financing transactions except in instances where the transaction is required to be accounted for as individual sale and purchase transactions. Generally, these agreements are recorded at acquisition or sale price plus accrued interest. In instances where the interest is negative, the Corporation’s policy is to present negative interest on financial assets as interest income and negative interest on financial liabilities as interest expense. For securities financing agreements that are accounted for under the fair value option, the changes in the fair value of these securities financing agreements are recorded in market making and similar activities in the Consolidated Statement of Income. The Corporation’s policy is to monitor the market value of the principal amount loaned under resale agreements and obtain collateral from or return collateral pledged to counterparties when appropriate. Securities financing agreements do not create material credit risk due to these collateral provisions; therefore, an allowance for loan losses is not necessary. In transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged or sold as collateral, it recognizes an asset on the Consolidated Balance Sheet at fair value, representing the securities received, and a liability, representing the obligation to return those securities. Trading Instruments Financial instruments utilized in trading activities are carried at fair value. Fair value is generally based on quoted market prices for the same or similar assets and liabilities. If these market prices are not available, fair values are estimated based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques where the determination of fair value may require significant management judgment or estimation. Realized gains and losses are recorded on a trade-date basis. Realized and unrealized gains and losses are recognized in market making and similar activities. Derivatives and Hedging Activities Derivatives are entered into on behalf of customers, for trading or to support risk management activities. Derivatives used in risk management activities include derivatives that are both designated in qualifying accounting hedge relationships and derivatives used to hedge market risks in relationships that are not designated in qualifying accounting hedge relationships (referred to as other risk management activities). The Corporation manages interest rate and foreign currency exchange rate sensitivity predominantly through the use of derivatives. Derivatives utilized by the Corporation include swaps, futures and forward settlement contracts, and option contracts. All derivatives are recorded on the Consolidated Balance Sheet at fair value, taking into consideration the effects of legally enforceable master netting agreements that allow the Corporation to settle positive and negative positions and offset cash collateral held with the same counterparty on a net basis. For exchange-traded contracts, fair value is based on quoted market prices in active or inactive markets or is derived from observable market-based pricing parameters, similar to those applied to over-the-counter (OTC) derivatives. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. Valuations of derivative assets and liabilities reflect the value of the instrument including counterparty credit risk. These values also take into account the Corporation’s own credit standing. Trading Derivatives and Other Risk Management Activities Derivatives held for trading purposes are included in derivative assets or derivative liabilities on the Consolidated Balance Sheet with changes in fair value included in market making and similar activities. Derivatives used for other risk management activities are included in derivative assets or derivative liabilities. Derivatives used in other risk management activities have not been designated in qualifying accounting hedge relationships because they did not qualify or the risk that is being mitigated pertains to an item that is reported at fair value through earnings so that the effect of measuring the derivative instrument and the asset or liability to which the risk exposure pertains will offset in the Consolidated Statement of Income to the extent effective. The changes in the fair value of derivatives that serve to mitigate certain risks associated with mortgage servicing rights (MSRs), interest rate lock commitments (IRLCs) and first-lien mortgage loans held-for-sale (LHFS) that are originated by the Corporation are recorded in other income. Changes in the fair value of derivatives that serve to mitigate interest rate risk and foreign currency risk are included in market making and similar activities. Credit derivatives are also used by the Corporation to mitigate the risk associated with various credit exposures. The changes in the fair value of these derivatives are included in market making and similar activities and other income. Derivatives Used For Hedge Accounting Purposes (Accounting Hedges) For accounting hedges, the Corporation formally documents at inception all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategies for undertaking various accounting hedges. Additionally, the Corporation primarily uses regression analysis at the inception of a hedge and for each reporting period thereafter to assess whether the derivative used in an accounting hedge transaction is expected to be and has been highly effective in offsetting changes in the fair value or cash flows of a hedged item or forecasted transaction. The Corporation discontinues hedge accounting when it is determined that a derivative is not expected to be or has ceased to be highly effective as a hedge, and then reflects changes in fair value of the derivative in earnings after termination of the hedge relationship. Fair value hedges are used to protect against changes in the fair value of the Corporation’s assets and liabilities that are attributable to interest rate or foreign exchange volatility. Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings, together and in the same income statement line item with changes in the fair value of the related hedged item. If a derivative instrument in a fair value hedge is terminated or the hedge designation removed, the previous adjustments to the carrying value of the hedged asset or liability are subsequently accounted for in the same manner as other components of the carrying value of that asset or liability. For interest-earning assets and interest-bearing liabilities, such adjustments are amortized to earnings over the remaining life of the respective asset or liability. Cash flow hedges are used primarily to minimize the variability in cash flows of assets and liabilities or forecasted transactions caused by interest rate or foreign exchange rate fluctuations. The Corporation also uses cash flow hedges to hedge the price risk associated with deferred compensation. Changes in the fair value of derivatives used in cash flow hedges are recorded in accumulated other comprehensive income (OCI) and are reclassified into the line item in the income statement in which the hedged item is recorded in the same period the hedged item affects earnings. Components of a derivative that are excluded in assessing hedge effectiveness are recorded in the same income statement line item as the hedged item. Net investment hedges are used to manage the foreign exchange rate sensitivity arising from a net investment in a foreign operation. Changes in the spot prices of derivatives that are designated as net investment hedges of foreign operations are recorded as a component of accumulated OCI. The remaining components of these derivatives are excluded in assessing hedge effectiveness and are recorded in market making and similar activities. Securities Debt securities are reported on the Consolidated Balance Sheet at their trade date. Their classification is dependent on the purpose for which the securities were acquired. Debt securities purchased for use in the Corporation’s trading activities are reported in trading account assets at fair value with unrealized gains and losses included in market making and similar activities. Substantially all other debt securities purchased are used in the Corporation’s asset and liability management (ALM) activities and are reported on the Consolidated Balance Sheet as either debt securities carried at fair value or as held-to-maturity (HTM) debt securities. Debt securities carried at fair value are either available-for-sale (AFS) securities with unrealized gains and losses net-of-tax included in accumulated OCI or carried at fair value with unrealized gains and losses reported in market making and similar activities. HTM debt securities are debt securities that management has the intent and ability to hold to maturity and are reported at amortized cost. The Corporation evaluates each AFS security where the value has declined below amortized cost. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For AFS debt securities the Corporation intends to hold, the Corporation evaluates the debt securities for ECL, except for debt securities that are guaranteed by the U.S. Treasury, U.S. government agencies or sovereign entities of high credit quality where the Corporation applies a zero credit loss assumption. For the remaining AFS debt securities, the Corporation considers qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an AFS debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by the Corporation to determine if a portion of the unrealized loss is a result of an ECL. The Corporation will then recognize either credit loss expense or a reversal of credit loss expense in other income for the amount necessary to adjust the debt securities valuation allowance to its current estimate of expected credit losses. Cash flows expected to be collected are estimated using all relevant information available such as remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated OCI. In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. The Corporation separately evaluates its HTM debt securities for any credit losses, of which substantially all qualify for the zero loss assumption. For the remaining securities, the Corporation performs a discounted cash flow analysis to estimate any credit losses which are then recognized as part of the allowance for credit losses. Interest on debt securities, including amortization of premiums and accretion of discounts, is included in interest income. Premiums and discounts are amortized or accreted to interest income at a constant effective yield over the contractual lives of the securities. Realized gains and losses from the sales of debt securities are determined using the specific identification method. Equity securities with readily determinable fair values that are not held for trading purposes are carried at fair value with unrealized gains and losses included in other income. Equity securities that do not have readily determinable fair values are recorded at cost less impairment, if any, plus or minus qualifying observable price changes. These securities are reported in other assets. Loans and Leases Loans, with the exception of loans accounted for under the fair value option, are measured at historical cost and reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized deferred fees and costs on originated loans, and for purchased loans, net of any unamortized premiums or discounts. Loan origination fees and certain direct origination costs are deferred and recognized as adjustments to interest income over the lives of the related loans. Unearned income, discounts and premiums are amortized to interest income using a level yield methodology. The Corporation elects to account for certain consumer and commercial loans under the fair value option with interest reported in interest income and changes in fair value reported in market making and similar activities or other income. Under applicable accounting guidance, for reporting purposes, the loan and lease portfolio is categorized by portfolio segment and, within each portfolio segment, by class of financing receivable. A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine the allowance for credit losses, and a class of financing receivable is defined as the level of disaggregation of portfolio segments based on the initial measurement attribute, risk characteristics and methods for assessing risk. The Corporation’s three portfolio segments are Consumer Real Estate, Credit Card and Other Consumer, and Commercial. The classes within the Consumer Real Estate portfolio segment are residential mortgage and home equity. The classes within the Credit Card and Other Consumer portfolio segment are credit card, direct/indirect consumer and other consumer. The classes within the Commercial portfolio segment are U.S. commercial, non-U.S. commercial, commercial real estate, commercial lease financing and U.S. small business commercial. Leases The Corporation provides equipment financing to its customers through a variety of lessor arrangements. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased property less unearned income, which is accreted to interest income over the lease terms using methods that approximate the interest method. Operating lease income is recognized on a straight-line basis. The Corporation's lease arrangements generally do not contain non-lease components. Allowance for Credit Losses On January 1, 2020, the Corporation adopted the new accounting standard that requires the measurement of the allowance for credit losses, which includes both the allowance for loan and lease losses and the reserve for unfunded lending commitments, to be based on management’s best estimate of the ECL in the Corporation’s loan and lease portfolio, excluding loans and unfunded lending commitments accounted for under the fair value option. Upon adoption, a $3.3 billion, or 32 percent, increase in the allowance for credit losses was recorded on January 1, 2020, which was comprised of a net increase of $2.9 billion in the allowance for loan and lease losses and a $310 million increase in the reserve for unfunded lending commitments. The ECL on funded consumer and commercial loans and leases is referred to as the allowance for loan and lease losses and is reported separately as a contra-asset to loans and leases on the Consolidated Balance Sheet. The ECL for unfunded lending commitments, including home equity lines of credit (HELOCs), standby letters of credit (SBLCs) and binding unfunded loan commitments is reported on the Consolidated Balance Sheet in accrued expenses and other liabilities. The provision for credit losses related to the loan and lease portfolio and unfunded lending commitments is reported in the Consolidated Statement of Income at the amount necessary to adjust the allowance for credit losses to the current estimate of ECL. For loans and leases, the ECL is typically estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open-ended products (e.g., lines of credit), the ECL is determined based on the maximum repayment term associated with future draws from credit lines unless those lines of credit are unconditionally cancellable (e.g., credit cards) in which case the Corporation does not record any allowance. In its loss forecasting framework, the Corporation incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads. As any one economic outlook is inherently uncertain, the Corporation leverages multiple scenarios. The scenarios that are chosen each quarter and the weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal and third-party economists and industry trends. The estimate of credit losses includes expected recoveries of amounts previously charged off (i.e., negative allowance). If a loan has been charged off, the expected cash flows on the loan are not limited by the current amortized cost balance. Instead, expected cash flows can be assumed up to the unpaid principal balance immediately prior to the charge-off. The allowance for loan and lease losses for TDRs is measured based on the present value of projected future lifetime principal and interest cash flows discounted at the loan’s original effective interest rate, or in cases where foreclosure is probable or the loan is collateral dependent, at the loan’s collateral value or its observable market price, if available. The measurement of ECL for the renegotiated consumer credit card TDR portfolio is based on the present value of projected cash flows discounted using the average TDR portfolio contractual interest rate, excluding promotionally priced loans, in effect prior to restructuring. Projected cash flows for TDRs use the same economic outlook as discussed above. For purposes of computing this specific loss component of the allowance, larger impaired loans are evaluated individually and smaller impaired loans are evaluated as a pool. Also included in the allowance for loan and lease losses are qualitative reserves to cover losses that are expected but, in the Corporation's assessment, may not be adequately reflected in the quantitative methods or the economic assumptions described above. For example, factors that the Corporation considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, the Corporation considers the inherent uncertainty in quantitative models that are built on historical data. With the exception of the Corporation's credit card portfolio, the Corporation does not include reserves for interest receivable in the measurement of the allowance for credit losses as the Corporation generally classifies consumer loans as nonperforming at 90 days past due and reverses interest income for these loans at that time. For credit card loans, the Corporation reserves for interest and fees as part of the allowance for loan and lease losses. Upon charge-off of a credit card loan, the Corporation reverses the interest and fee income against the income statement line item where it was originally recorded. The Corporation has identified the following three portfolio segments and measures the allowance for credit losses using the following methods. Consumer Real Estate To estimate ECL for consumer loans secured by residential real estate, the Corporation estimates the number of loans that will default over the life of the existing portfolio, after factoring in estimated prepayments, using quantitative modeling methodologies. The attributes that are most significant in estimating the Corporation’s ECL include refreshed loan-to-value (LTV) or, in the case of a subordinated lien, refreshed combined LTV (CLTV), borrower credit score, months since origination and geography, all of which are further broken down by present collection status (whether the loan is current, delinquent, in default, or in bankruptcy). The estimates are based on the Corporation’s historical experience with the loan portfolio, adjusted to reflect the economic outlook. The outlook on the unemployment rate and consumer real estate prices are key factors that impact the frequency and severity of loss estimates. The Corporation does not reserve for credit losses on the unpaid principal balance of loans insured by the Federal Housing Administration (FHA) and long-term standby loans, as these loans are fully insured. The Corporation records a reserve for unfunded lending commitments for the ECL associated with the undrawn portion of the Corporation’s HELOCs, which can only be canceled by the Corporation if certain criteria are met. The ECL associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. For loans that are more than 180 days past due and collateral-dependent TDRs, the Corporation bases the allowance on the estimated fair value of the underlying collateral as of the reporting date less costs to sell. The fair value of the collateral securing these loans is generally determined using an automated valuation model (AVM) that estimates the value of a property by reference to market data including sales of comparable properties and price trends specific to the Metropolitan Statistical Area in which the property being valued is located. In the event that an AVM value is not available, the Corporation utilizes publicized indices or if these methods provide less reliable valuations, the Corporation uses appraisals or broker price opinions to estimate the fair value of the collateral. While there is inherent imprecision in these valuations, the Corporation believes that they are representative of this portfolio in the aggregate. For loans that are more than 180 days past due and collateral-dependent TDRs, with the exception of the Corporation’s fully insured portfolio, the outstanding balance of loans that is in excess of the estimated property value after adjusting for costs to sell is charged off. If the estimated property value decreases in periods subsequent to the initial charge-off, the Corporation will record an additional charge-off; however, if the value increases in periods subsequent to the charge-off, the Corporation will adjust the allowance to account for the increase but not to a level above the cumulative charge-off amount. Credit Cards and Other Consumer Credit cards are revolving lines of credit without a defined maturity date. The estimated life of a credit card receivable is determined by estimating the amount and timing of expected future payments (e.g., borrowers making full payments, minimum payments or somewhere in between) that it will take for a receivable balance to pay off. The ECL on the future payments incorporates the spending behavior of a borrower through time using key borrower-specific factors and the economic outlook described above. The Corporation applies all expected payments in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009 (i.e., paying down the highest interest rate bucket first). Then forecasted future payments are prioritized to pay off the oldest balance until it is brought to zero or an expected charge-off amount. Unemployment rate outlook, borrower credit score, delinquency status and historical payment behavior are all key inputs into the credit card receivable loss forecasting model. Future draws on the credit card lines are excluded from the ECL as they are unconditionally cancellable. The ECL for the consumer vehicle lending portfolio is also determined using quantitative methods supplemented with qualitative analysis. The quantitative model estimates ECL giving consideration to key borrower and loan characteristics such as delinquency status, borrower credit score, LTV ratio, underlying collateral type and collateral value. Commercial The ECL on commercial loans is forecasted using models that estimate credit losses over the loan’s contractual life at an individual loan level. The models use the contractual terms to forecast future principal cash flows while also considering expected prepayments. For open-ended commitments such as revolving lines of credit, changes in funded balance are captured by forecasting a borrower’s draw and payment behavior over the remaining life of the commitment. For loans collateralized with commercial real estate and for which the underlying asset is the primary source of repayment, the loss forecasting models consider key loan and customer attributes such as LTV ratio, net operating income and debt service coverage, and captures variations in behavior according to property type and region. The outlook on the unemployment rate, gross domestic product, and forecasted real estate prices are utilized to determine indicators such as rent levels and vacancy rates, which impact the ECL estimate. For all other commercial loans and leases, the loss forecasting model determines the probabilities of transition to different credit risk ratings or default at each point over the life of the asset based on the borrower’s current credit risk rating, industry sector, size of the exposure and the geographic market. The severity of loss is determined based on the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook, and the model considers key economic variables such as unemployment rate, gross domestic product, corporate bond spreads, real estate and other asset prices and equity market returns. In addition to the allowance for loan and lease losses, the Corporation also estimates ECL related to unfunded lending commitments such as letters of credit, financial guarantees, unfunded bankers acceptances and binding loan commitments, excluding commitments accounted for under the fair value option. Reserves are estimated for the unfunded exposure using the same models and methodologies as the funded exposure and are reported as reserves for unfunded lending commitments. Nonperforming Loans and Leases, Charge-offs and Delinquencies Nonperforming loans and leases generally include loans and leases that have been placed on nonaccrual status. Loans accounted for under the fair value option and LHFS are not reported as nonperforming. When a nonaccrual loan is deemed uncollectible, it is charged off against the allowance for credit losses. If the charged-off amount is later recovered, the amount is reversed through the allowance for credit losses at the recovery date. Charge-offs are reported net of recoveries (net charge-offs). If recoveries for the period are greater than charge-offs, net charge-offs are reported as a negative amount. In accordance with the Corporation’s policies, consumer real estate-secured loans, including residential mortgages and home equity loans, are generally placed on nonaccrual status and classified as nonperforming at 90 days past due unless repayment of the loan is insured by the FHA or through individually insured long-term standby agreements with Fannie Mae (FNMA) or Freddie Mac (FHLMC) (the fully-insured portfolio). Residential mortgage loans in the fully-insured portfolio are not placed on nonaccrual status and, therefore, are not reported as nonperforming. Junior-lien home equity loans are placed on nonaccrual status and classified as nonperforming when the underlying first-lien mortgage loan becomes 90 days past due even if the junior-lien loan is current. The outstanding balance of real estate-secured loans that is in excess of the estimated property value less costs to sell is charged off no later than the end of the month in which the loan becomes 180 days past due unless the loan is fully insured, or for loans i

Net Interest Income and Noninte

Net Interest Income and Noninterest Income	12 Months Ended
Net Interest Income and Noninterest Income	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Net Interest Income and Noninterest Income	Net Interest Income and Noninterest Income The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for 2022, 2021 and 2020. For more information, see Note 1 – Summary of Significant Accounting Principles. For a disaggregation of noninterest income by business segment and All Other , see Note 23 – Business Segment Information . (Dollars in millions) 2022 2021 2020 Net interest income Interest income Loans and leases $ 37,919 $ 29,282 $ 34,029 Debt securities 17,127 12,376 9,790 Federal funds sold and securities borrowed or purchased under agreements to resell (1) 4,560 (90) 903 Trading account assets 5,521 3,770 4,128 Other interest income 7,438 2,334 2,735 Total interest income 72,565 47,672 51,585 Interest expense Deposits 4,718 537 1,943 Short-term borrowings (1) 6,978 (358) 987 Trading account liabilities 1,538 1,128 974 Long-term debt 6,869 3,431 4,321 Total interest expense 20,103 4,738 8,225 Net interest income $ 52,462 $ 42,934 $ 43,360 Noninterest income Fees and commissions Card income Interchange fees (2) $ 4,096 $ 4,560 $ 3,954 Other card income 1,987 1,658 1,702 Total card income 6,083 6,218 5,656 Service charges Deposit-related fees 5,190 6,271 5,991 Lending-related fees 1,215 1,233 1,150 Total service charges 6,405 7,504 7,141 Investment and brokerage services Asset management fees 12,152 12,729 10,708 Brokerage fees 3,749 3,961 3,866 Total investment and brokerage services 15,901 16,690 14,574 Investment banking fees Underwriting income 1,970 5,077 4,698 Syndication fees 1,070 1,499 861 Financial advisory services 1,783 2,311 1,621 Total investment banking fees 4,823 8,887 7,180 Total fees and commissions 33,212 39,299 34,551 Market making and similar activities 12,075 8,691 8,355 Other income (loss) (2,799) (1,811) (738) Total noninterest income $ 42,488 $ 46,179 $ 42,168 (1) For more information on negative interest, see Note 1 – Summary of Significant Accounting Principles.

Derivatives

Derivatives	12 Months Ended
Derivatives	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Derivative Balances Derivatives are entered into on behalf of customers, for trading or to support risk management activities. Derivatives used in risk management activities include derivatives that may or may not be designated in qualifying hedge accounting relationships. Derivatives that are not designated in qualifying hedge accounting relationships are referred to as other risk management derivatives. For more information on the Corporation’s derivatives and hedging activities, see Note 1 – Summary of Significant Accounting Principles . The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at December 31, 2022 and 2021. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by cash collateral received or paid. December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 18,285.9 $ 138.2 $ 20.7 $ 158.9 $ 120.3 $ 36.7 $ 157.0 Futures and forwards 2,796.3 8.6 — 8.6 7.8 — 7.8 Written options (2) 1,657.9 — — — 41.4 — 41.4 Purchased options (3) 1,594.7 42.4 — 42.4 — — — Foreign exchange contracts Swaps 1,509.0 44.0 0.3 44.3 43.3 0.4 43.7 Spot, futures and forwards 4,159.3 59.9 0.1 60.0 62.1 0.6 62.7 Written options (2) 392.2 — — — 8.1 — 8.1 Purchased options (3) 362.6 8.3 — 8.3 — — — Equity contracts Swaps 394.0 10.8 — 10.8 12.2 — 12.2 Futures and forwards 114.6 3.3 — 3.3 1.0 — 1.0 Written options (2) 746.8 — — — 45.0 — 45.0 Purchased options (3) 671.6 40.9 — 40.9 — — — Commodity contracts Swaps 56.0 5.1 — 5.1 5.3 — 5.3 Futures and forwards 157.3 3.0 — 3.0 2.3 0.8 3.1 Written options (2) 59.5 — — — 3.3 — 3.3 Purchased options (3) 61.8 3.6 — 3.6 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 319.9 2.8 — 2.8 1.6 — 1.6 Total return swaps/options 71.5 0.7 — 0.7 3.0 — 3.0 Written credit derivatives: Credit default swaps 295.2 1.2 — 1.2 2.4 — 2.4 Total return swaps/options 85.3 4.4 — 4.4 0.9 — 0.9 Gross derivative assets/liabilities $ 377.2 $ 21.1 $ 398.3 $ 360.0 $ 38.5 $ 398.5 Less: Legally enforceable master netting agreements (315.9) (315.9) Less: Cash collateral received/paid (33.8) (37.8) Total derivative assets/liabilities $ 48.6 $ 44.8 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of the option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of the option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $(1.2) billion and $276.9 billion at December 31, 2022. December 31, 2021 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 18,068.1 $ 150.5 $ 8.9 $ 159.4 $ 156.4 $ 4.4 $ 160.8 Futures and forwards 2,243.2 1.1 — 1.1 1.0 — 1.0 Written options (2) 1,616.1 — — — 28.8 — 28.8 Purchased options (3) 1,673.6 33.1 — 33.1 — — — Foreign exchange contracts Swaps 1,420.9 28.6 0.2 28.8 30.5 0.2 30.7 Spot, futures and forwards 4,087.2 37.1 0.3 37.4 37.7 0.2 37.9 Written options (2) 287.2 — — — 4.1 — 4.1 Purchased options (3) 267.6 4.1 — 4.1 — — — Equity contracts Swaps 443.8 12.3 — 12.3 14.5 — 14.5 Futures and forwards 113.3 0.5 — 0.5 1.7 — 1.7 Written options (2) 737.7 — — — 58.5 — 58.5 Purchased options (3) 657.0 55.9 — 55.9 — — — Commodity contracts Swaps 47.7 3.1 — 3.1 6.0 — 6.0 Futures and forwards 101.5 2.3 — 2.3 0.3 1.1 1.4 Written options (2) 44.4 — — — 2.6 — 2.6 Purchased options (3) 38.3 3.2 — 3.2 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 297.0 1.9 — 1.9 4.3 — 4.3 Total return swaps/options 85.3 0.2 — 0.2 1.1 — 1.1 Written credit derivatives: Credit default swaps 279.8 4.2 — 4.2 1.6 — 1.6 Total return swaps/options 85.3 0.9 — 0.9 0.5 — 0.5 Gross derivative assets/liabilities $ 339.0 $ 9.4 $ 348.4 $ 349.6 $ 5.9 $ 355.5 Less: Legally enforceable master netting agreements (282.3) (282.3) Less: Cash collateral received/paid (30.8) (35.5) Total derivative assets/liabilities $ 35.3 $ 37.7 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of the option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of the option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $2.3 billion and $258.4 billion at December 31, 2021. Offsetting of Derivatives The Corporation enters into International Swaps and Derivatives Association, Inc. (ISDA) master netting agreements or similar agreements with substantially all of the Corporation’s derivative counterparties. Where legally enforceable, these master netting agreements give the Corporation, in the event of default by the counterparty, the right to liquidate securities held as collateral and to offset receivables and payables with the same counterparty. For purposes of the Consolidated Balance Sheet, the Corporation offsets derivative assets and liabilities and cash collateral held with the same counterparty where it has such a legally enforceable master netting agreement. The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at December 31, 2022 and 2021 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements, which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) December 31, 2022 December 31, 2021 Interest rate contracts Over-the-counter $ 138.4 $ 132.3 $ 171.3 $ 166.3 Exchange-traded 0.4 0.1 0.2 — Over-the-counter cleared 71.4 71.1 22.6 22.5 Foreign exchange contracts Over-the-counter 109.7 110.6 67.9 70.5 Over-the-counter cleared 1.3 1.2 1.1 1.1 Equity contracts Over-the-counter 21.5 22.6 29.2 32.9 Exchange-traded 33.0 33.8 38.3 38.4 Commodity contracts Over-the-counter 8.3 9.3 6.1 7.6 Exchange-traded 2.4 1.9 1.4 1.3 Over-the-counter cleared 0.3 0.3 0.1 0.1 Credit derivatives Over-the-counter 8.9 7.5 5.2 5.3 Over-the-counter cleared — — 1.8 1.8 Total gross derivative assets/liabilities, before netting Over-the-counter 286.8 282.3 279.7 282.6 Exchange-traded 35.8 35.8 39.9 39.7 Over-the-counter cleared 73.0 72.6 25.6 25.5 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (243.8) (248.2) (250.3) (254.6) Exchange-traded (33.5) (33.5) (37.8) (37.8) Over-the-counter cleared (72.4) (72.0) (25.0) (25.4) Derivative assets/liabilities, after netting 45.9 37.0 32.1 30.0 Other gross derivative assets/liabilities (2) 2.7 7.8 3.2 7.7 Total derivative assets/liabilities 48.6 44.8 35.3 37.7 Less: Financial instruments collateral (3) (18.5) (7.4) (11.8) (10.6) Total net derivative assets/liabilities $ 30.1 $ 37.4 $ 23.5 $ 27.1 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities. ALM and Risk Management Derivatives The Corporation’s ALM and risk management activities include the use of derivatives to mitigate risk to the Corporation including derivatives designated in qualifying hedge accounting relationships and derivatives used in other risk management activities. Interest rate, foreign exchange, equity, commodity and credit contracts are utilized in the Corporation's ALM and risk management activities. The Corporation maintains an overall interest rate risk management strategy that incorporates the use of interest rate contracts, which are generally non-leveraged generic interest rate and basis swaps, options, futures and forwards, to minimize significant fluctuations in earnings caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity and volatility so that movements in interest rates do not significantly adversely affect earnings or capital. As a result of interest rate fluctuations, hedged fixed-rate assets and liabilities appreciate or depreciate in fair value. Gains or losses on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to substantially offset this unrealized appreciation or depreciation. Market risk, including interest rate risk, can be substantial in the mortgage business. Market risk in the mortgage business is the risk that values of mortgage assets or revenues will be adversely affected by changes in market conditions such as interest rate movements. To mitigate the interest rate risk in mortgage banking production income, the Corporation utilizes forward loan sale commitments and other derivative instruments, including purchased options, and certain debt securities. The Corporation also utilizes derivatives such as interest rate options, interest rate swaps, forward settlement contracts and eurodollar futures to hedge certain market risks of MSRs. The Corporation uses foreign exchange contracts to manage the foreign exchange risk associated with certain foreign currency-denominated assets and liabilities, as well as the Corporation’s investments in non-U.S. subsidiaries. Exposure to loss on these contracts will increase or decrease over their respective lives as currency exchange and interest rates fluctuate. The Corporation purchases credit derivatives to manage credit risk related to certain funded and unfunded credit exposures. Credit derivatives include credit default swaps (CDS), total return swaps and swaptions. These derivatives are recorded on the Consolidated Balance Sheet at fair value with changes in fair value recorded in other income. Derivatives Designated as Accounting Hedges The Corporation uses various types of interest rate and foreign exchange derivative contracts to protect against changes in the fair value of its assets and liabilities due to fluctuations in interest rates and foreign exchange rates (fair value hedges). The Corporation also uses these types of contracts to protect against changes in the cash flows of its assets and liabilities, and other forecasted transactions (cash flow hedges). The Corporation hedges its net investment in consolidated non-U.S. operations determined to have functional currencies other than the U.S. dollar using forward exchange contracts and cross-currency basis swaps, and by issuing foreign currency- denominated debt (net investment hedges). Fair Value Hedges The table below summarizes information related to fair value hedges for 2022, 2021 and 2020. Gains and Losses on Derivatives Designated as Fair Value Hedges Derivative Hedged Item (Dollars in millions) 2022 2021 2020 2022 2021 2020 Interest rate risk on long-term debt (1) $ (26,654) $ (7,018) $ 7,091 $ 26,825 $ 6,838 $ (7,220) Interest rate and foreign currency risk on long-term debt (2) (120) (90) 783 119 79 (783) Interest rate risk on available-for-sale securities (3) 21,991 5,203 (44) (22,280) (5,167) 49 Price risk on commodity inventory (4) 674 — — (674) — — Total $ (4,109) $ (1,905) $ 7,830 $ 3,990 $ 1,750 $ (7,954) (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) For 2022, 2021 and 2020, the derivative amount includes gains (losses) of $(37) million, $(73) million and $701 million in interest expense, $(81) million, $0 and $73 million in market making and similar activities, and $(2) million, $(17) million and $9 million in accumulated OCI, respectively. Line item totals are in the Consolidated Statement of Income and on the Consolidated Balance Sheet. (3) Amounts are recorded in interest income in the Consolidated Statement of Income. (4) Amounts are recorded in market making and similar activities in the Consolidated Statement of Income. The table below summarizes the carrying value of hedged assets and liabilities that are designated and qualifying in fair value hedging relationships along with the cumulative amount of fair value hedging adjustments included in the carrying value that have been recorded in the current hedging relationships. These fair value hedging adjustments are open basis adjustments that are not subject to amortization as long as the hedging relationship remains designated. Designated Fair Value Hedged Assets and Liabilities December 31, 2022 December 31, 2021 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt (2) $ 187,402 $ (21,372) $ 181,745 $ 3,987 Available-for-sale debt securities (2, 3, 4) 167,518 (18,190) 209,038 (2,294) Trading account assets (5) 16,119 146 2,067 32 (1) Increase (decrease) to carrying value. (2) At December 31, 2022 and 2021, the cumulative fair value adjustments remaining on long-term debt and available-for-sale debt securities from discontinued hedging relationships resulted in an increase of $137 million and $1.5 billion in the related liability and a decrease in the related asset of $4.9 billion and $1.0 billion, which are being amortized over the remaining contractual life of the de-designated hedged items. (3) These amounts include the amortized cost of the prepayable financial assets used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship (i.e. last-of-layer hedging relationship). At December 31, 2022 and 2021, the amortized cost of the closed portfolios used in these hedging relationships was $21.4 billion and $21.1 billion, of which $9.2 billion and $6.9 billion was designated in the last-of-layer hedging relationship. At December 31, 2022 and 2021, the cumulative adjustment associated with these hedging relationships was a decrease of $451 million and $172 million. (4) Carrying value represents amortized cost. (5) Represents hedging activities related to certain commodities inventory. Cash Flow and Net Investment Hedges The table below summarizes certain information related to cash flow hedges and net investment hedges for 2022, 2021 and 2020. Of the $11.9 billion after-tax net loss ($15.9 billion pretax) on derivatives in accumulated OCI at December 31, 2022, losses of $4.4 billion after-tax ($5.9 billion pretax) related to both open and terminated cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net losses reclassified into earnings are expected to primarily decrease net interest income related to the respective hedged items. For open cash flow hedges, the maximum length of time over which forecasted transactions are hedged is approximately seven years. For terminated cash flow hedges, the time period over which the forecasted transactions will be recognized in interest income is approximately five years, with the aggregated amount beyond this time period being insignificant. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Recognized in Gains (Losses) in Income (Dollars in millions, amounts pretax) 2022 2021 2020 2022 2021 2020 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ (13,492) $ (2,686) $ 763 $ (338) $ 148 $ (7) Price risk on forecasted MBS purchases (1) (129) (249) 241 11 26 9 Price risk on certain compensation plans (2) (88) 93 85 29 55 12 Total $ (13,709) $ (2,842) $ 1,089 $ (298) $ 229 $ 14 Net investment hedges Foreign exchange risk (3) $ 1,710 $ 1,451 $ (834) $ 3 $ 23 $ 4 (1) Amounts reclassified from accumulated OCI are recorded in interest income in the Consolidated Statement of Income. (2) Amounts reclassified from accumulated OCI are recorded in compensation and benefits expense in the Consolidated Statement of Income. (3) Amounts reclassified from accumulated OCI are recorded in other income in the Consolidated Statement of Income. Amounts excluded from effectiveness testing and recognized in market making and similar activities were losses of $38 million, $123 million and $11 million in 2022, 2021 and 2020, respectively. Other Risk Management Derivatives Other risk management derivatives are used by the Corporation to reduce certain risk exposures by economically hedging various assets and liabilities. The table below presents gains (losses) on these derivatives for 2022, 2021 and 2020. These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives (Dollars in millions) 2022 2021 2020 Interest rate risk on mortgage activities (1, 2) $ (326) $ (18) $ 611 Credit risk on loans (2) (37) (25) (68) Interest rate and foreign currency risk on asset and liability management activities (3) 4,713 1,757 (2,971) Price risk on certain compensation plans (4) (1,073) 917 700 (1) Includes hedges of interest rate risk on MSRs and IRLCs to originate mortgage loans that will be held for sale. (2) Gains (losses) on these derivatives are recorded in other income. (3) Gains (losses) on these derivatives are recorded in market making and similar activities. (4) Gains (losses) on these derivatives are recorded in compensation and benefits expense. Transfers of Financial Assets with Risk Retained through Derivatives The Corporation enters into certain transactions involving the transfer of financial assets that are accounted for as sales where substantially all of the economic exposure to the transferred financial assets is retained through derivatives (e.g., interest rate and/or credit), but the Corporation does not retain control over the assets transferred. At both December 31, 2022 and 2021, the Corporation had transferred $4.8 billion of non-U.S. government-guaranteed mortgage-backed securities to a third-party trust and retained economic exposure to the transferred assets through derivative contracts. In connection with these transfers, the Corporation received gross cash proceeds of $4.9 billion and $4.8 billion at the transfer dates. At December 31, 2022 and 2021, the fair value of the transferred securities was $4.7 billion and $5.0 billion. Sales and Trading Revenue The Corporation enters into trading derivatives to facilitate client transactions and to manage risk exposures arising from trading account assets and liabilities. It is the Corporation’s policy to include these derivative instruments in its trading activities, which include derivatives and non-derivative cash instruments. The resulting risk from these derivatives is managed on a portfolio basis as part of the Corporation’s Global Markets business segment. The related sales and trading revenue generated within Global Markets is recorded in various income statement line items, including market making and similar activities and net interest income as well as other revenue categories. Sales and trading revenue includes changes in the fair value and realized gains and losses on the sales of trading and other assets, net interest income, and fees primarily from commissions on equity securities. Revenue is generated by the difference in the client price for an instrument and the price at which the trading desk can execute the trade in the dealer market. For equity securities, commissions related to purchases and sales are recorded in the “Other” column in the Sales and Trading Revenue table. Changes in the fair value of these securities are included in market making and similar activities. For debt securities, revenue, with the exception of interest associated with the debt securities, is typically included in market making and similar activities. Unlike commissions for equity securities, the initial revenue related to broker-dealer services for debt securities is typically included in the pricing of the instrument rather than being charged through separate fee arrangements. Therefore, this revenue is recorded in market making and similar activities as part of the initial mark to fair value. For derivatives, the majority of revenue is included in market making and similar activities. In transactions where the Corporation acts as agent, which include exchange-traded futures and options, fees are recorded in other income. The table below, which includes both derivatives and non-derivative cash instruments, identifies the amounts in the respective income statement line items attributable to the Corporation’s sales and trading revenue in Global Markets , categorized by primary risk, for 2022, 2021 and 2020. This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 23 – Business Segment Information are presented on a fully taxable-equivalent (FTE) basis. The table below is not presented on an FTE basis. Sales and Trading Revenue Market making and similar activities Net Interest Other (1) Total (Dollars in millions) 2022 Interest rate risk $ 1,919 $ 1,619 $ 392 $ 3,930 Foreign exchange risk 1,981 46 (44) 1,983 Equity risk 6,077 (1,288) 1,757 6,546 Credit risk 592 2,228 177 2,997 Other risk (2) 835 (171) 15 679 Total sales and trading revenue $ 11,404 $ 2,434 $ 2,297 $ 16,135 2021 Interest rate risk $ 523 $ 1,794 $ 217 $ 2,534 Foreign exchange risk 1,505 (80) 14 1,439 Equity risk 4,581 (5) 1,834 6,410 Credit risk 1,390 1,684 556 3,630 Other risk (2) 759 (128) 124 755 Total sales and trading revenue $ 8,758 $ 3,265 $ 2,745 $ 14,768 2020 Interest rate risk $ 2,236 $ 2,279 $ 229 $ 4,744 Foreign exchange risk 1,486 (19) 2 1,469 Equity risk 3,656 (77) 1,801 5,380 Credit risk 783 1,758 331 2,872 Other risk (2) 308 4 44 356 Total sales and trading revenue $ 8,469 $ 3,945 $ 2,407 $ 14,821 (1) Represents amounts in investment and brokerage services and other income that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $2.0 billion, $1.9 billion and $1.9 billion in 2022, 2021 and 2020, respectively. (2) Includes commodity risk. Credit Derivatives The Corporation enters into credit derivatives primarily to facilitate client transactions and to manage credit risk exposures. Credit derivatives derive value based on an underlying third-party referenced obligation or a portfolio of referenced obligations and generally require the Corporation, as the seller of credit protection, to make payments to a buyer upon the occurrence of a predefined credit event. Such credit events generally include bankruptcy of the referenced credit entity and failure to pay under the obligation, as well as acceleration of indebtedness and payment repudiation or moratorium. For credit derivatives based on a portfolio of referenced credits or credit indices, the Corporation may not be required to make payment until a specified amount of loss has occurred and/or may only be required to make payment up to a specified amount. Credit derivatives are classified as investment and non-investment grade based on the credit quality of the underlying referenced obligation. The Corporation considers ratings of BBB- or higher as investment grade. Non-investment grade includes non-rated credit derivative instruments. The Corporation discloses internal categorizations of investment grade and non-investment grade consistent with how risk is managed for these instruments. Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at December 31, 2022 and 2021 are summarized in the table below. Credit Derivative Instruments Less than One to Three to Over Five Total December 31, 2022 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ 2 $ 25 $ 133 $ 34 $ 194 Non-investment grade 120 516 870 697 2,203 Total 122 541 1,003 731 2,397 Total return swaps/options: Investment grade 55 336 — — 391 Non-investment grade 332 9 132 10 483 Total 387 345 132 10 874 Total credit derivatives $ 509 $ 886 $ 1,135 $ 741 $ 3,271 Credit-related notes: Investment grade $ — $ — $ 19 $ 1,017 $ 1,036 Non-investment grade — 7 6 1,035 1,048 Total credit-related notes $ — $ 7 $ 25 $ 2,052 $ 2,084 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,670 $ 66,170 $ 93,237 $ 18,677 $ 212,754 Non-investment grade 15,229 29,629 30,891 6,662 82,411 Total 49,899 95,799 124,128 25,339 295,165 Total return swaps/options: Investment grade 38,722 10,407 — — 49,129 Non-investment grade 32,764 500 2,054 897 36,215 Total 71,486 10,907 2,054 897 85,344 Total credit derivatives $ 121,385 $ 106,706 $ 126,182 $ 26,236 $ 380,509 December 31, 2021 Carrying Value Credit default swaps: Investment grade $ — $ 5 $ 79 $ 49 $ 133 Non-investment grade 34 250 453 769 1,506 Total 34 255 532 818 1,639 Total return swaps/options: Investment grade 35 388 — — 423 Non-investment grade 105 — 16 — 121 Total 140 388 16 — 544 Total credit derivatives $ 174 $ 643 $ 548 $ 818 $ 2,183 Credit-related notes: Investment grade $ — $ — $ 36 $ 412 $ 448 Non-investment grade 5 — 9 1,334 1,348 Total credit-related notes $ 5 $ — $ 45 $ 1,746 $ 1,796 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,503 $ 66,334 $ 73,444 $ 17,844 $ 192,125 Non-investment grade 16,119 29,233 34,356 7,961 87,669 Total 50,622 95,567 107,800 25,805 279,794 Total return swaps/options: Investment grade 49,626 11,494 78 — 61,198 Non-investment grade 22,621 717 642 73 24,053 Total 72,247 12,211 720 73 85,251 Total credit derivatives $ 122,869 $ 107,778 $ 108,520 $ 25,878 $ 365,045 The notional amount represents the maximum amount payable by the Corporation for most credit derivatives. However, the Corporation does not monitor its exposure to credit derivatives based solely on the notional amount because this measure does not take into consideration the probability of occurrence. As such, the notional amount is not a reliable indicator of the Corporation’s exposure to these contracts. Instead, a risk framework is used to define risk tolerances and establish limits so that certain credit risk-related losses occur within acceptable, predefined limits. Credit-related notes in the preceding table include investments in securities issued by CDO, collateralized loan obligation (CLO) and credit-linked note vehicles. These instruments are primarily classified as trading securities. The carrying value of these instruments equals the Corporation’s maximum exposure to loss. The Corporation is not obligated to make any payments to the entities under the terms of the securities owned. Credit-related Contingent Features and Collateral The Corporation executes the majority of its derivative contracts in the OTC market with large, international financial institutions, including broker-dealers and, to a lesser degree, with a variety of non-financial companies. A significant majority of the derivative transactions are executed on a daily margin basis. Therefore, events such as a credit rating downgrade (depending on the ultimate rating level) or a breach of credit covenants would typically require an increase in the amount of collateral required of the counterparty, where applicable, and/or allow the Corporation to take additional protective measures such as early termination of all trades. Further, as previously discussed on page 105, the Corporation enters into legally enforceable master netting agreements that reduce risk by permitting closeout and netting of transactions with the same counterparty upon the occurrence of certain events. Certain of the Corporation’s derivative contracts contain credit risk-related contingent features, primarily in the form of ISDA master netting agreements and credit support documentation that enhance the creditworthiness of these instruments compared to other obligations of the respective counterparty with whom the Corporation has transacted. These contingent features may be for the benefit of the Corporation as well as its counterparties with respect to changes in the Corporation’s creditworthiness and the mark-to-market exposure under the derivative transactions. At December 31, 2022 and 2021, the Corporation held cash and securities collateral of $101.3 billion and $91.4 billion and posted cash and securities collateral of $81.2 billion and $79.3 billion in the normal course of business under derivative agreements, excluding cross-product margining agreements where clients are permitted to margin on a net basis for both derivative and secured financing arrangements. In connection with certain OTC derivative contracts and other trading agreements, the Corporation can be required to provide additional collateral or to terminate transactions with certain counterparties in the event of a downgrade of the senior debt ratings of the Corporation or certain subsidiaries. The amount of additional collateral required depends on the contract and is usually a fixed incremental amount and/or the market value of the exposure. At December 31, 2022, the amount of collateral, calculated based on the terms of the contracts, that the Corporation and certain subsidiaries could be required to post to counterparties but had not yet posted to counterparties was $3.2 billion, including $1.6 billion for Bank of America, National Association (BANA). Some counterparties are currently able to unilaterally terminate certain contracts, or the Corporation or certain subsidiaries may be required to take other action such as find a suitable replacement or obtain a guarantee. At December 31, 2022 and 2021, the liability recorded for these derivative contracts was not significant. The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at December 31, 2022 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries' long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 230 $ 913 Bank

Securities

Securities	12 Months Ended
Securities	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The table below presents the amortized cost, gross unrealized gains and losses, and fair value of AFS debt securities, other debt securities carried at fair value and HTM debt securities at December 31, 2022 and 2021. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) December 31, 2022 December 31, 2021 Available-for-sale debt securities Mortgage-backed securities: Agency $ 25,204 $ 5 $ (1,767) $ 23,442 $ 45,268 $ 1,257 $ (186) $ 46,339 Agency-collateralized mortgage obligations 2,452 — (231) 2,221 3,331 74 (25) 3,380 Commercial 6,894 28 (515) 6,407 19,036 647 (79) 19,604 Non-agency residential (1) 461 15 (90) 386 591 25 (33) 583 Total mortgage-backed securities 35,011 48 (2,603) 32,456 68,226 2,003 (323) 69,906 U.S. Treasury and government agencies 160,773 18 (1,769) 159,022 197,853 1,610 (318) 199,145 Non-U.S. securities 13,455 4 (52) 13,407 11,933 — — 11,933 Other taxable securities 4,728 1 (84) 4,645 2,725 39 (3) 2,761 Tax-exempt securities 11,518 19 (279) 11,258 15,155 317 (39) 15,433 Total available-for-sale debt securities 225,485 90 (4,787) 220,788 295,892 3,969 (683) 299,178 Other debt securities carried at fair value (2) 8,986 376 (156) 9,206 8,873 105 (83) 8,895 Total debt securities carried at fair value 234,471 466 (4,943) 229,994 304,765 4,074 (766) 308,073 Held-to-maturity debt securities Agency mortgage-backed securities 503,233 — (87,319) 415,914 553,721 3,855 (10,366) 547,210 U.S. Treasury and government agencies 121,597 — (20,259) 101,338 111,859 254 (2,395) 109,718 Other taxable securities 8,033 — (1,018) 7,015 9,011 147 (196) 8,962 Total held-to-maturity debt securities 632,863 — (108,596) 524,267 674,591 4,256 (12,957) 665,890 Total debt securities (3,4) $ 867,334 $ 466 $ (113,539) $ 754,261 $ 979,356 $ 8,330 $ (13,723) $ 973,963 (1) At December 31, 2022 and 2021, the underlying collateral type included approximately 17 percent and 21 percent prime and 83 percent and 79 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 20 – Fair Value Measurements . (3) Includes securities pledged as collateral of $104.5 billion and $111.9 billion at December 31, 2022 and 2021. (4) The Corporation held debt securities from FNMA and FHLMC that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $290.5 billion and $176.7 billion, and a fair value of $239.6 billion and $144.6 billion at December 31, 2022, and an amortized cost of $345.3 billion and $205.3 billion, and a fair value of $342.5 billion and $202.4 billion at December 31, 2021. At December 31, 2022, the accumulated net unrealized loss on AFS debt securities, excluding the amount related to debt securities previously transferred to held to maturity, included in accumulated OCI was $3.5 billion, net of the related income tax benefit of $1.2 billion. At December 31, 2022 and 2021, nonperforming AFS debt securities held by the Corporation were not significant. At December 31, 2022 and 2021, the Corporation had $191.1 billion and $268.5 billion in AFS debt securities, which were primarily U.S. agency and U.S. Treasury securities that have a zero credit loss assumption. For more information on the zero credit loss assumption, see Note 1 – Summary of Significant Accounting Principles . For the remaining $29.7 billion and $30.7 billion in AFS debt securities at December 31, 2022 and 2021, the amount of ECL was not significant. At December 31, 2022 and 2021, the Corporation had $524.3 billion and $665.9 billion in HTM debt securities, which were substantially all U.S agency and U.S. Treasury securities that have a zero credit loss assumption. At December 31, 2022 and 2021, the Corporation held equity securities at an aggregate fair value of $581 million and $513 million and other equity securities, as valued under the measurement alternative, at a carrying value of $340 million and $266 million, both of which are included in other assets. At December 31, 2022 and 2021, the Corporation also held money market investments at a fair value of $868 million and $707 million, which are included in time deposits placed and other short-term investments. The gross realized gains and losses on sales of AFS debt securities for 2022, 2021 and 2020 are presented in the table below. Gains and Losses on Sales of AFS Debt Securities (Dollars in millions) 2022 2021 2020 Gross gains $ 1,251 $ 49 $ 423 Gross losses (1,219) (27) (12) Net gains on sales of AFS debt securities $ 32 $ 22 $ 411 Income tax expense attributable to realized net gains on sales of AFS debt securities $ 8 $ 5 $ 103 The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at December 31, 2022 and 2021. Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Gross Fair Gross Fair Gross (Dollars in millions) December 31, 2022 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 18,759 $ (1,118) $ 4,437 $ (649) $ 23,196 $ (1,767) Agency-collateralized mortgage obligations 1,165 (96) 1,022 (135) 2,187 (231) Commercial 3,273 (150) 2,258 (365) 5,531 (515) Non-agency residential 264 (65) 97 (25) 361 (90) Total mortgage-backed securities 23,461 (1,429) 7,814 (1,174) 31,275 (2,603) U.S. Treasury and government agencies 36,730 (308) 118,636 (1,461) 155,366 (1,769) Non-U.S. securities 9,399 (34) 756 (18) 10,155 (52) Other taxable securities 2,036 (16) 1,580 (68) 3,616 (84) Tax-exempt securities 607 (28) 2,849 (251) 3,456 (279) Total AFS debt securities in a continuous $ 72,233 $ (1,815) $ 131,635 $ (2,972) $ 203,868 $ (4,787) December 31, 2021 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 11,733 $ (166) $ 815 $ (20) $ 12,548 $ (186) Agency-collateralized mortgage obligations 1,427 (22) 122 (3) 1,549 (25) Commercial 3,451 (41) 776 (38) 4,227 (79) Non-agency residential 241 (13) 174 (20) 415 (33) Total mortgage-backed securities 16,852 (242) 1,887 (81) 18,739 (323) U.S. Treasury and government agencies 103,307 (272) 4,850 (46) 108,157 (318) Other taxable securities — — 82 (3) 82 (3) Tax-exempt securities 502 (16) 109 (23) 611 (39) Total AFS debt securities in a continuous $ 120,661 $ (530) $ 6,928 $ (153) $ 127,589 $ (683) The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at December 31, 2022 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the MBS or other ABS are passed through to the Corporation. Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities Due in One Due after One Year Due after Five Years Due after Total (Dollars in millions) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amortized cost of debt securities carried at fair value Mortgage-backed securities: Agency $ — — % $ 3 5.67 % $ 56 4.39 % $ 25,145 3.37 % $ 25,204 3.37 % Agency-collateralized mortgage obligations — — 10 2.60 — — 2,442 2.89 2,452 2.89 Commercial 22 2.09 670 3.07 4,591 2.03 1,624 2.31 6,907 2.20 Non-agency residential — — — — — — 825 9.54 825 9.54 Total mortgage-backed securities 22 2.09 683 3.08 4,647 2.06 30,036 3.44 35,388 3.25 U.S. Treasury and government agencies 3,306 1.59 79,618 1.68 78,378 1.64 32 3.38 161,334 1.66 Non-U.S. securities 17,499 2.41 3,002 4.58 723 3.93 279 6.87 21,503 2.82 Other taxable securities 2,034 4.77 2,102 4.85 455 3.46 137 3.35 4,728 4.64 Tax-exempt securities 890 3.36 4,765 3.55 2,022 3.73 3,841 3.88 11,518 3.68 Total amortized cost of debt securities carried at fair value $ 23,751 2.53 $ 90,170 1.96 $ 86,225 1.74 $ 34,325 3.52 $ 234,471 2.16 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 14 2.64 % $ 503,219 2.13 % $ 503,233 2.13 % U.S. Treasury and government agencies — — 4,544 1.80 117,053 1.37 — — 121,597 1.39 Other taxable securities 38 9.06 1,251 2.23 313 3.00 6,431 2.45 8,033 2.47 Total amortized cost of HTM debt securities $ 38 9.06 $ 5,795 1.89 $ 117,380 1.37 $ 509,650 2.13 $ 632,863 1.99 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 3 $ 56 $ 23,383 $ 23,442 Agency-collateralized mortgage obligations — 10 — 2,211 2,221 Commercial 22 650 4,342 1,404 6,418 Non-agency residential — 2 — 751 753 Total mortgage-backed securities 22 665 4,398 27,749 32,834 U.S. Treasury and government agencies 3,312 79,013 77,228 30 159,583 Non-U.S. securities 17,709 2,960 723 279 21,671 Other taxable securities 2,028 2,085 413 122 4,648 Tax-exempt securities 887 4,729 1,997 3,645 11,258 Total debt securities carried at fair value $ 23,958 $ 89,452 $ 84,759 $ 31,825 $ 229,994 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 13 $ 415,901 $ 415,914 U.S. Treasury and government agencies — 4,164 97,174 — 101,338 Other taxable securities 38 1,170 295 5,512 7,015 Total fair value of HTM debt securities $ 38 $ 5,334 $ 97,482 $ 421,413 $ 524,267 (1) The weighted-average yield is computed based on a constant effective interest rate over the contractual life of each security. The average yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related hedging derivatives.

Outstanding Loans and Leases an

Outstanding Loans and Leases and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Outstanding Loans and Leases and Allowance for Credit Losses	Outstanding Loans and Leases and Allowance for Credit Losses The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at December 31, 2022 and 2021. 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total (Dollars in millions) December 31, 2022 Consumer real estate Residential mortgage $ 1,077 $ 245 $ 945 $ 2,267 $ 227,403 $ 229,670 Home equity 88 32 211 331 26,232 26,563 Credit card and other consumer Credit card 466 322 717 1,505 91,916 93,421 Direct/Indirect consumer (2) 204 59 45 308 105,928 106,236 Other consumer — — — — 156 156 Total consumer 1,835 658 1,918 4,411 451,635 456,046 Consumer loans accounted for under the fair value option (3) $ 339 339 Total consumer loans and leases 1,835 658 1,918 4,411 451,635 339 456,385 Commercial U.S. commercial 827 288 330 1,445 357,036 358,481 Non-U.S. commercial 317 59 144 520 123,959 124,479 Commercial real estate (4) 409 81 77 567 69,199 69,766 Commercial lease financing 49 9 11 69 13,575 13,644 U.S. small business commercial (5) 107 63 356 526 17,034 17,560 Total commercial 1,709 500 918 3,127 580,803 583,930 Commercial loans accounted for under the fair value option (3) 5,432 5,432 Total commercial loans and leases 1,709 500 918 3,127 580,803 5,432 589,362 Total loans and leases (6) $ 3,544 $ 1,158 $ 2,836 $ 7,538 $ 1,032,438 $ 5,771 $ 1,045,747 Percentage of outstandings 0.34 % 0.11 % 0.27 % 0.72 % 98.73 % 0.55 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $184 million and nonperforming loans of $155 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $75 million and nonperforming loans of $88 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $368 million and nonperforming loans of $788 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $27 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $51.8 billion, U.S. securities-based lending loans of $50.4 billion and non-U.S. consumer loans of $3.0 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $71 million and home equity loans of $268 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.5 billion. For more information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $64.9 billion and non-U.S. commercial real estate loans of $4.8 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $18.5 billion. The Corporation also pledged $163.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. 30-59 Days (1) 60-89 Days Past Due (1) 90 Days or (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total Outstandings (Dollars in millions) December 31, 2021 Consumer real estate Residential mortgage $ 1,005 $ 297 $ 1,571 $ 2,873 $ 219,090 $ 221,963 Home equity 123 69 369 561 27,374 27,935 Credit card and other consumer Credit card 298 212 487 997 80,441 81,438 Direct/Indirect consumer (2) 147 52 18 217 103,343 103,560 Other consumer — — — — 190 190 Total consumer 1,573 630 2,445 4,648 430,438 435,086 Consumer loans accounted for under the fair value option (3) $ 618 618 Total consumer loans and leases 1,573 630 2,445 4,648 430,438 618 435,704 Commercial U.S. commercial 815 308 396 1,519 324,417 325,936 Non-U.S. commercial 148 20 83 251 113,015 113,266 Commercial real estate (4) 115 34 285 434 62,575 63,009 Commercial lease financing 104 28 13 145 14,680 14,825 U.S. small business commercial (5) 129 259 89 477 18,706 19,183 Total commercial 1,311 649 866 2,826 533,393 536,219 Commercial loans accounted for under the fair value option (3) 7,201 7,201 Total commercial loans and leases 1,311 649 866 2,826 533,393 7,201 543,420 Total loans and leases (6) $ 2,884 $ 1,279 $ 3,311 $ 7,474 $ 963,831 $ 7,819 $ 979,124 Percentage of outstandings 0.29 % 0.13 % 0.34 % 0.76 % 98.44 % 0.80 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $164 million and nonperforming loans of $118 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $89 million and nonperforming loans of $100 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $633 million and nonperforming loans of $1.3 billion. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $55 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $48.5 billion, U.S. securities-based lending loans of $51.1 billion and non-U.S. consumer loans of $3.0 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $279 million and home equity loans of $339 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.6 billion and non-U.S. commercial loans of $2.6 billion. For more information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $58.2 billion and non-U.S. commercial real estate loans of $4.8 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $146.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. The Corporation has entered into long-term credit protection agreements with FNMA and FHLMC on loans totaling $9.5 billion and $10.5 billion at December 31, 2022 and 2021, providing full credit protection on residential mortgage loans that become severely delinquent. All of these loans are individually insured, and therefore the Corporation does not record an allowance for credit losses related to these loans. Nonperforming Loans and Leases Commercial nonperforming loans decreased to $1.1 billion at December 31, 2022 from $1.6 billion at December 31, 2021, as paydowns and returns to performing status more than offset new downgrades to nonaccrual status. Consumer nonperforming loans decreased to $2.8 billion at December 31, 2022 from $3.0 billion at December 31, 2021 primarily due to decreases from consumer real estate loan sales, partially offset by increases from loans whose prior-period deferrals expired and were modified in TDRs during the first quarter of 2022. The following table presents the Corporation’s nonperforming loans and leases, including nonperforming TDRs, and loans accruing past due 90 days or more at December 31, 2022 and 2021. Nonperforming LHFS are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles. Credit Quality Nonperforming Loans Accruing Past Due December 31 (Dollars in millions) 2022 2021 2022 2021 Residential mortgage (1) $ 2,167 $ 2,284 $ 368 $ 634 With no related allowance (2) 1,973 1,950 — — Home equity (1) 510 630 — — With no related allowance (2) 393 414 — — Credit Card n/a n/a 717 487 Direct/indirect consumer 77 75 2 11 Total consumer 2,754 2,989 1,087 1,132 U.S. commercial 553 825 190 171 Non-U.S. commercial 212 268 25 19 Commercial real estate 271 382 46 40 Commercial lease financing 4 80 8 8 U.S. small business commercial 14 23 355 87 Total commercial 1,054 1,578 624 325 Total nonperforming loans $ 3,808 $ 4,567 $ 1,711 $ 1,457 Percentage of outstanding loans and leases 0.37 % 0.47 % 0.16 % 0.15 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At December 31, 2022 and 2021 residential mortgage included $260 million and $444 million of loans on which interest had been curtailed by the FHA, and therefore were no longer accruing interest, although principal was still insured, and $108 million and $190 million of loans on which interest was still accruing. (2) Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date. Credit Quality Indicators The Corporation monitors credit quality within its Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments based on primary credit quality indicators. For more information on the portfolio segments, see Note 1 – Summary of Significant Accounting Principles. Within the Consumer Real Estate portfolio segment, the primary credit quality indicators are refreshed LTV and refreshed Fair Isaac Corporation (FICO) score. Refreshed LTV measures the carrying value of the loan as a percentage of the value of the property securing the loan, refreshed quarterly. Home equity loans are evaluated using CLTV, which measures the carrying value of the Corporation’s loan and available line of credit combined with any outstanding senior liens against the property as a percentage of the value of the property securing the loan, refreshed quarterly. FICO score measures the creditworthiness of the borrower based on the financial obligations of the borrower and the borrower’s credit history. FICO scores are typically refreshed quarterly or more frequently. Certain borrowers (e.g., borrowers that have had debts discharged in a bankruptcy proceeding) may not have their FICO scores updated. FICO scores are also a primary credit quality indicator for the Credit Card and Other Consumer portfolio segment and the business card portfolio within U.S. small business commercial. Within the Commercial portfolio segment, loans are evaluated using the internal classifications of pass rated or reservable criticized as the primary credit quality indicators. The term reservable criticized refers to those commercial loans that are internally classified or listed by the Corporation as Special Mention, Substandard or Doubtful, which are asset quality categories defined by regulatory authorities. These assets have an elevated level of risk and may have a high probability of default or total loss. Pass rated refers to all loans not considered reservable criticized. In addition to these primary credit quality indicators, the Corporation uses other credit quality indicators for certain types of loans. The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2022. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 215,713 $ 39,625 $ 81,437 $ 37,228 $ 18,980 $ 5,734 $ 32,709 Greater than 90 percent but less than or equal to 100 percent 1,615 950 530 93 15 8 19 Greater than 100 percent 648 374 169 43 15 8 39 Fully-insured loans 11,694 580 3,667 3,102 949 156 3,240 Total Residential Mortgage $ 229,670 $ 41,529 $ 85,803 $ 40,466 $ 19,959 $ 5,906 $ 36,007 Residential Mortgage Refreshed FICO score Less than 620 $ 2,156 $ 377 $ 518 $ 373 $ 124 $ 84 $ 680 Greater than or equal to 620 and less than 680 4,978 1,011 1,382 840 329 233 1,183 Greater than or equal to 680 and less than 740 25,444 5,411 8,290 4,369 2,187 830 4,357 Greater than or equal to 740 185,398 34,150 71,946 31,782 16,370 4,603 26,547 Fully-insured loans 11,694 580 3,667 3,102 949 156 3,240 Total Residential Mortgage $ 229,670 $ 41,529 $ 85,803 $ 40,466 $ 19,959 $ 5,906 $ 36,007 Gross charge-offs $ 161 $ — $ 6 $ 5 $ 6 $ 1 $ 143 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2022 Home Equity Refreshed LTV Less than or equal to 90 percent $ 26,395 $ 1,304 $ 19,960 $ 5,131 Greater than 90 percent but less than or equal to 100 percent 62 20 24 18 Greater than 100 percent 106 37 35 34 Total Home Equity $ 26,563 $ 1,361 $ 20,019 $ 5,183 Home Equity Refreshed FICO score Less than 620 $ 683 $ 166 $ 189 $ 328 Greater than or equal to 620 and less than 680 1,190 152 507 531 Greater than or equal to 680 and less than 740 4,321 312 2,747 1,262 Greater than or equal to 740 20,369 731 16,576 3,062 Total Home Equity $ 26,563 $ 1,361 $ 20,019 $ 5,183 Gross charge-offs $ 45 $ 5 $ 24 $ 16 (1) Includes reverse mortgages of $937 million and home equity loans of $424 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/ Revolving Loans 2022 2021 2020 2019 2018 Prior Total Credit Card as of December 31, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 847 $ 12 $ 237 $ 301 $ 113 $ 84 $ 43 $ 57 $ 4,056 $ 3,866 $ 190 Greater than or equal to 620 and less than 680 2,521 12 1,108 816 269 150 69 97 10,994 10,805 189 Greater than or equal to 680 and less than 740 8,895 52 4,091 2,730 992 520 214 296 32,186 32,017 169 Greater than or equal to 740 39,679 83 16,663 11,392 5,630 2,992 1,236 1,683 46,185 46,142 43 Other internal credit metrics (2,3) 54,294 53,404 259 305 70 57 40 159 — — — Total credit card and other $ 106,236 $ 53,563 $ 22,358 $ 15,544 $ 7,074 $ 3,803 $ 1,602 $ 2,292 $ 93,421 $ 92,830 $ 591 Gross charge-offs $ 232 $ 7 $ 31 $ 79 $ 34 $ 27 $ 14 $ 40 $ 1,985 $ 1,909 $ 76 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $53.4 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2022. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 348,447 $ 61,200 $ 39,717 $ 18,609 $ 16,566 $ 8,749 $ 30,282 $ 173,324 Reservable criticized 10,034 278 794 697 884 1,202 856 5,323 Total U.S. Commercial $ 358,481 $ 61,478 $ 40,511 $ 19,306 $ 17,450 $ 9,951 $ 31,138 $ 178,647 Gross charge-offs $ 151 $ 2 $ 24 $ 24 $ 9 $ 6 $ 13 $ 73 Non-U.S. Commercial Risk ratings Pass rated $ 121,890 $ 24,839 $ 19,098 $ 5,183 $ 3,882 $ 2,423 $ 4,697 $ 61,768 Reservable criticized 2,589 45 395 331 325 98 475 920 Total Non-U.S. Commercial $ 124,479 $ 24,884 $ 19,493 $ 5,514 $ 4,207 $ 2,521 $ 5,172 $ 62,688 Gross charge-offs $ 41 $ — $ 3 $ 1 $ — $ 37 $ — $ — Commercial Real Estate Risk ratings Pass rated $ 64,619 $ 15,290 $ 13,089 $ 5,756 $ 9,013 $ 4,384 $ 8,606 $ 8,481 Reservable criticized 5,147 11 837 545 1,501 1,151 1,017 85 Total Commercial Real Estate $ 69,766 $ 15,301 $ 13,926 $ 6,301 $ 10,514 $ 5,535 $ 9,623 $ 8,566 Gross charge-offs $ 75 $ — $ — $ 6 $ — $ 26 $ 43 $ — Commercial Lease Financing Risk ratings Pass rated $ 13,404 $ 3,255 $ 2,757 $ 1,955 $ 1,578 $ 1,301 $ 2,558 $ — Reservable criticized 240 9 35 12 71 50 63 — Total Commercial Lease Financing $ 13,644 $ 3,264 $ 2,792 $ 1,967 $ 1,649 $ 1,351 $ 2,621 $ — Gross charge-offs $ 8 $ — $ 4 $ — $ 4 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 8,726 $ 1,825 $ 1,953 $ 1,408 $ 864 $ 624 $ 1,925 $ 127 Reservable criticized 329 11 35 48 76 51 105 3 Total U.S. Small Business Commercial $ 9,055 $ 1,836 $ 1,988 $ 1,456 $ 940 $ 675 $ 2,030 $ 130 Gross charge-offs $ 31 $ — $ 1 $ 11 $ 4 $ 1 $ 6 $ 8 Total $ 575,425 $ 106,763 $ 78,710 $ 34,544 $ 34,760 $ 20,033 $ 50,584 $ 250,031 Total gross charge-offs $ 306 $ 2 $ 32 $ 42 $ 17 $ 70 $ 62 $ 81 (1) Excludes $5.4 billion of loans accounted for under the fair value option at December 31, 2022. (2) Excludes U.S. Small Business Card loans of $8.5 billion. Refreshed FICO scores for this portfolio are $297 million for less than 620; $859 million for greater than or equal to 620 and less than 680; $2.4 billion for greater than or equal to 680 and less than 740; and $5.0 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $172 million. The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2021. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2021 2020 2019 2018 2017 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 206,562 $ 87,051 $ 43,597 $ 23,205 $ 7,392 $ 10,956 $ 34,361 Greater than 90 percent but less than or equal to 100 percent 1,938 1,401 331 81 17 14 94 Greater than 100 percent 759 520 112 29 11 12 75 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Residential Mortgage Refreshed FICO score Less than 620 $ 2,451 $ 636 $ 442 $ 140 $ 120 $ 104 $ 1,009 Greater than or equal to 620 and less than 680 5,199 1,511 1,123 477 294 307 1,487 Greater than or equal to 680 and less than 740 24,532 8,822 5,454 2,785 1,057 1,434 4,980 Greater than or equal to 740 177,077 78,003 37,021 19,913 5,949 9,137 27,054 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2021 Home Equity Refreshed LTV Less than or equal to 90 percent $ 27,594 $ 1,773 $ 19,095 $ 6,726 Greater than 90 percent but less than or equal to 100 percent 130 55 34 41 Greater than 100 percent 211 85 54 72 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 Home Equity Refreshed FICO score Less than 620 $ 893 $ 244 $ 209 $ 440 Greater than or equal to 620 and less than 680 1,434 222 495 717 Greater than or equal to 680 and less than 740 4,625 468 2,493 1,664 Greater than or equal to 740 20,983 979 15,986 4,018 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 (1) Includes reverse mortgages of $1.3 billion and home equity loans of $582 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of December 31, 2021 Revolving Loans 2021 2020 2019 2018 2017 Prior Total Credit Card as of December 31, 2021 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 685 $ 13 $ 179 $ 115 $ 129 $ 79 $ 101 $ 69 $ 3,017 $ 2,857 $ 160 Greater than or equal to 620 and less than 680 2,313 14 1,170 414 313 148 134 120 9,264 9,064 200 Greater than or equal to 680 and less than 740 8,530 60 4,552 1,659 1,126 466 314 353 28,347 28,155 192 Greater than or equal to 740 37,164 94 15,876 8,642 6,465 2,679 1,573 1,835 40,810 40,762 48 Other internal credit metrics (2, 3) 54,868 54,173 283 53 77 75 63 144 — — — Total credit card and other $ 103,560 $ 54,354 $ 22,060 $ 10,883 $ 8,110 $ 3,447 $ 2,185 $ 2,521 $ 81,438 $ 80,838 $ 600 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $54.2 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2021. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 315,618 $ 55,862 $ 25,012 $ 23,373 $ 11,439 $ 10,426 $ 23,877 $ 165,629 Reservable criticized 10,318 598 687 1,308 1,615 514 1,072 4,524 Total U.S. Commercial $ 325,936 $ 56,460 $ 25,699 $ 24,681 $ 13,054 $ 10,940 $ 24,949 $ 170,153 Non-U.S. Commercial Risk ratings Pass rated $ 110,787 $ 25,749 $ 8,703 $ 7,133 $ 4,521 $ 3,016 $ 3,062 $ 58,603 Reservable criticized 2,479 223 324 487 275 257 216 697 Total Non-U.S. Commercial $ 113,266 $ 25,972 $ 9,027 $ 7,620 $ 4,796 $ 3,273 $ 3,278 $ 59,300 Commercial Real Estate Risk ratings Pass rated $ 55,511 $ 14,402 $ 7,244 $ 11,237 $ 5,710 $ 3,326 $ 6,831 $ 6,761 Reservable criticized 7,498 277 990 2,237 1,710 596 1,464 224 Total Commercial Real Estate $ 63,009 $ 14,679 $ 8,234 $ 13,474 $ 7,420 $ 3,922 $ 8,295 $ 6,985 Commercial Lease Financing Risk ratings Pass rated $ 14,438 $ 3,280 $ 2,485 $ 2,427 $ 2,030 $ 1,741 $ 2,475 $ — Reservable criticized 387 25 18 91 67 48 138 — Total Commercial Lease Financing $ 14,825 $ 3,305 $ 2,503 $ 2,518 $ 2,097 $ 1,789 $ 2,613 $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,618 $ 4,257 $ 2,922 $ 1,059 $ 763 $ 623 $ 1,853 $ 141 Reservable criticized 433 12 29 91 87 64 147 3 Total U.S. Small Business Commercial $ 12,051 $ 4,269 $ 2,951 $ 1,150 $ 850 $ 687 $ 2,000 $ 144 Total $ 529,087 $ 104,685 $ 48,414 $ 49,443 $ 28,217 $ 20,611 $ 41,135 $ 236,582 (1) Excludes $7.2 billion of loans accounted for under the fair value option at December 31, 2021. (2) Excludes U.S. Small Business Card loans of $7.1 billion. Refreshed FICO scores for this portfolio are $192 million for less than 620; $618 million for greater than or equal to 620 and less than 680; $1.9 billion for greater than or equal to 680 and less than 740; and $4.4 billion greater than or equal to 740. Troubled Debt Restructurings Consumer Real Estate Modifications of consumer real estate loans are classified as TDRs when the borrower is experiencing financial difficulties and a concession has been granted. Concessions may include reductions in interest rates, capitalization of past due amounts, principal and/or interest forbearance, payment extensions, principal and/or interest forgiveness, or combinations thereof. Prior to permanently modifying a loan, the Corporation may enter into trial modifications with certain borrowers under both government and proprietary programs. Trial modifications generally represent a three- to four-month period during which the borrower makes monthly payments under the anticipated modified payment terms. Upon successful completion of the trial period, the Corporation and the borrower enter into a permanent modification. Binding trial modifications are classified as TDRs when the trial offer is made and continue to be classified as TDRs regardless of whether the borrower enters into a permanent modification. Consumer real estate loans of $211 million that have been discharged in Chapter 7 bankruptcy with no change in repayment terms and not reaffirmed by the borrower were included in TDRs at December 31, 2022, of which $53 million were classified as nonperforming and $33 million were loans fully insured. At December 31, 2022 and 2021, remaining commitments to lend additional funds to debtors whose terms have been modified in a consumer real estate TDR were not significant. Consumer real estate foreclosed properties totaled $121 million and $101 million at December 31, 2022 and 2021. The carrying value of consumer real estate loans, including fully-insured loans, for which formal foreclosure proceedings were in process at December 31, 2022 and 2021 was $871 million and $1.1 billion. During 2022 and 2021, the Corporation reclassified $190 million and $64 million of consumer real estate loans to foreclosed properties or, for properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans), to other assets. The reclassifications represent non-cash investing activities and, accordingly, are not reflected in the Consolidated Statement of Cash Flows. The table below presents the December 31, 2022, 2021 and 2020 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during 2022, 2021 and 2020. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Consumer Real Estate – TDRs Entered into During 2022, 2021 and 2020 Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) (Dollars in millions) December 31, 2022 Residential mortgage $ 1,144 $ 1,015 3.52 % 3.40 % Home equity 238 191 4.61 4.65 Total $ 1,382 $ 1,206 3.71 3.62 December 31, 2021 Residential mortgage $ 891 $ 788 3.48 % 3.38 % Home equity 107 77 3.60 3.59 Total $ 998 $ 865 3.49 3.41 December 31, 2020 Residential mortgage $ 732 $ 646 3.66 % 3.59 % Home equity 87 69 3.67 3.61 Total $ 819 $ 715 3.66 3.59 (1) The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period. The table below presents the December 31, 2022, 2021 and 2020 carrying value for consumer real estate loans that were modified in a TDR during 2022, 2021 and 2020, by type of modification. Consumer Real Estate – Modification Programs TDRs Entered into During (Dollars in millions) 2022 2021 2020 Modifications under government programs $ 2 $ 4 $ 13 Modifications under proprietary programs 1,100 774 570 Loans discharged in Chapter 7 bankruptcy (1) 14 33 53 Trial modifications 90 54 79 Total modifications $ 1,206 $ 865 $ 715 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The following table presents the carrying value of consumer real estate loans that entered into payment default during 2022, 2021 and 2020 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification. Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months (Dollars in millions) 2022 2021 2020 Modifications under government programs $ — $ 4 $ 16 Modifications under proprietary programs 189 128 51 Loans discharged in Chapter 7 bankruptcy (1) 2 9 19 Trial modifications (2) 25 19 54 Total modifications $ 216 $ 160 $ 140 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (2) Includes trial modification offers to which the customer did not respond. Credit Card and Other Consumer The Corporation seeks to assist customers who are experiencing financial difficulty by modifying loans while ensuring compliance with federal and local laws and guidelines. Credit card and other consumer loan modifications generally involve reducing the interest rate on the account, placing the customer on a fixed payment plan not exceeding 60 months and canceling the customer’s available line of credit, all of which are considered TDRs. The Corporation makes loan modifications directly with borrowers for debt held only by the Corporation (internal programs). Additionally, the Corporation makes loan modifications for borrowers working with third-party renegotiation agencies that provide solutions to customers’ entire unsecured debt structures (external programs). The Corporation classifies other secured consumer loans that have been discharged in Chapter 7 bankruptcy as TDRs, which are written down to collateral value and placed on nonaccrual status no later than the time of discharge. The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including the December 31, 2022, 2021 and 2020 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during 2022, 2021 and 2020. Credit Card and Other Consumer – TDRs Entered into During 2022, 2021 and 2020 Unpaid Principal Balance Carrying (1) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) December 31, 2022 Credit card $ 284 $ 293 22.34 % 3.89 % Direct/Indirect consumer 6 5 5.51 5.50 Total $ 290 $ 298 22.06 3.92 December 31, 2021 Credit card $ 237 $ 248 18.45 % 4.09 % Direct/Indirect consumer 23 16 5.88 5.88 Total $ 260 $ 264 17.68 4.20 December 31, 2020 Credit card $ 269 $ 277 18.16 % 5.63 % Direct/Indirect consumer 52 37 5.83 5.83 Total $ 321 $ 314 16.70 5.65 (1) Includes accrued interest and fees. The table below presents the December 31, 2022, 2021 and 2020 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during 2022, 2021 and 2020 by program type. Credit Card and Other Consumer – TDRs by Program Type at December 31 (1) (Dollars in millions) 2022 2021 2020 Internal programs $ 251 $ 214 $ 225 External programs 44 44 73 Other 3 6 16 Total $ 298 $ 264 $ 314 (1) Includes accrued interest and fees. Commercial Loans Modifications of loans to commercial borrowers that are experiencing financial difficulty are designed to reduce the Corporation’s loss exposure while providing the borrower with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy. Each modification is unique and reflects the individual circumstances of the borrower. Modifications that result in a TDR may include extensions of maturity at a concessionary (below market) rate of interest, payment forbearances or other actions designed to benefit the borrower while mitigating the Corporation’s risk exposure. Reductions in interest rates are rare. Instead, the interest rates are typically increased, although the increased rate may not represent a market rate of interest. Infrequently, concessions may also include principal forgiveness in connection with foreclosure, short sale or other settlement agreements leading to termination or sale of the loan. At the time of restructuring, the loans are remeasured to reflect the impact, if any, on projected cash flows resulting from the modified terms. If a portion of the loan is deemed to be uncollectible, a charge-off may be recorded at the time of restructuring. Alternatively, a charge-off may have already been recorded in a previous period such that no charge-off is required at the time of modification. During 2022, the carrying value of the Corporation’s commercial loans that were modified as TDRs was $1.9 billion compared to $1.3 billion and $1.2 billion for 2021 and 2020. At December 31, 2022, 2021 and 2020, the Corporation had commitments to lend $358 million, $283 million and $402 million to commercial borrowers whose loans were classified as TDRs. The balance of commercial TDRs in payment default was $105 million, $262 million and $218 million at December 31, 2022, 2021 and 2020. Loans Held-for-sale The Corporation had LHFS of $6.9 billion and $15.6 billion at December 31, 2022 and 2021. Cash and non-cash proceeds from sales and paydowns of loans originally classified as LHFS were $32.0 billion, $43.6 billion and $20.1 billion for 2022, 2021 and 2020, respectively . Cash used for originations and purchases of LHFS totaled $24.9 billion, $37.3 billion and $19.7 billion

Securitizations and Other Varia

Securitizations and Other Variable Interest Entities	12 Months Ended
Securitizations and Other Variable Interest Entities	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Securitizations and Other Variable Interest Entities	Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers’ financing and investing needs. The Corporation routinely securitizes loans and debt securities using VIEs as a source of funding for the Corporation and as a means of transferring the economic risk of the loans or debt securities to third parties. The assets are transferred into a trust or other securitization vehicle such that the assets are legally isolated from the creditors of the Corporation and are not available to satisfy its obligations. These assets can only be used to settle obligations of the trust or other securitization vehicle. The Corporation also administers, structures or invests in other VIEs including CDOs, investment vehicles and other entities. For more information on the Corporation’s use of VIEs, see Note 1 – Summary of Significant Accounting Principles. The tables in this Note present the assets and liabilities of consolidated and unconsolidated VIEs at December 31, 2022 and 2021 in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE. The tables also present the Corporation’s maximum loss exposure at December 31, 2022 and 2021 resulting from its involvement with consolidated VIEs and unconsolidated VIEs in which the Corporation holds a variable interest. The Corporation’s maximum loss exposure is based on the unlikely event that all of the assets in the VIEs become worthless and incorporates not only potential losses associated with assets recorded on the Consolidated Balance Sheet but also potential losses associated with off-balance sheet commitments, such as unfunded liquidity commitments and other contractual arrangements. The Corporation’s maximum loss exposure does not include losses previously recognized through write-downs of assets. The Corporation invests in ABS issued by third-party VIEs with which it has no other form of involvement and enters into certain commercial lending arrangements that may also incorporate the use of VIEs, for example to hold collateral. These securities and loans are included in Note 4 – Securities or Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses. In addition, the Corporation has used VIEs in connection with its funding activities. The Corporation did not provide financial support to consolidated or unconsolidated VIEs during 2022, 2021 and 2020 that it was not previously contractually required to provide, nor does it intend to do so. The Corporation had liquidity commitments, including written put options and collateral value guarantees, with certain unconsolidated VIEs of $978 million and $968 million at December 31, 2022 and 2021. First-lien Mortgage Securitizations As part of its mortgage banking activities, the Corporation securitizes a portion of the first-lien residential mortgage loans it originates or purchases from third parties, generally in the form of residential mortgage-backed securities (RMBS) guaranteed by government-sponsored enterprises, FNMA and FHLMC (collectively the GSEs), or the Government National Mortgage Association (GNMA) primarily in the case of FHA- insured and U.S. Department of Veterans Affairs (VA)-guaranteed mortgage loans. Securitization usually occurs in conjunction with or shortly after origination or purchase, and the Corporation may also securitize loans held in its residential mortgage portfolio. In addition, the Corporation may, from time to time, securitize commercial mortgages it originates or purchases from other entities. The Corporation typically services the loans it securitizes. Further, the Corporation may retain beneficial interests in the securitization trusts including senior and subordinate securities and equity tranches issued by the trusts. Except as described in Note 12 – Commitments and Contingencies , the Corporation does not provide guarantees or recourse to the securitization trusts other than standard representations and warranties. The table below summarizes select information related to first-lien mortgage securitizations for 2022, 2021 and 2020. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage (Dollars in millions) 2022 2021 2020 2022 2021 2020 Proceeds from loan sales (1) $ 8,084 $ 6,664 $ 15,823 $ 5,853 $ 10,874 $ 5,084 Gains on securitizations (2) 8 9 728 46 156 61 Repurchases from securitization trusts (3) 53 756 436 — — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the GSEs or GNMA in the normal course of business and primarily receives residential mortgage-backed securities in exchange. Substantially all of these securities are classified as Level 2 within the fair value hierarchy and are typically sold shortly after receipt. (2) A majority of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. Gains recognized on these LHFS prior to securitization, which totaled $41 million, $121 million and $160 million net of hedges, during 2022, 2021 and 2020, respectively, are not included in the table above. (3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make. The Corporation may also repurchase loans from securitization trusts to perform modifications. Repurchased loans include FHA-insured mortgages collateralizing GNMA securities. The Corporation recognizes consumer MSRs from the sale or securitization of consumer real estate loans. The unpaid principal balance of loans serviced for investors, including residential mortgage and home equity loans, totaled $100.1 billion and $115.4 billion at December 31, 2022 and 2021. Servicing fee and ancillary fee income on serviced loans was $274 million, $392 million and $474 million during 2022, 2021 and 2020, respectively. Servicing advances on serviced loans, including loans serviced for others and loans held for investment, were $1.6 billion and $2.0 billion at December 31, 2022 and 2021. For more information on MSRs, see Note 20 – Fair Value Measurements . During 2022, the Corporation deconsolidated agency residential mortgage securitization trusts with total assets of $784 million, with no significant deconsolidations in 2021. During 2020, the Corporation completed the sale of $9.3 billion of consumer real estate loans through GNMA loan securitizations. As part of the securitizations, the Corporation retained $8.4 billion of MBS, which are classified as debt securities carried at fair value on the Consolidated Balance Sheet. Total gains on loan sales of $704 million were recorded in other income in the Consolidated Statement of Income. The following table summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at December 31, 2022 and 2021. First-lien Mortgage VIEs Residential Mortgage Non-agency Agency Prime Subprime Alt-A Commercial Mortgage December 31 (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Unconsolidated VIEs Maximum loss exposure (1) $ 9,112 $ 11,600 $ 91 $ 121 $ 735 $ 908 $ 28 $ 14 $ 1,594 $ 1,445 On-balance sheet assets Senior securities: Trading account assets $ 232 $ 175 $ 3 $ 8 $ 25 $ 44 $ 26 $ 12 $ 91 $ 21 Debt securities carried at fair value 3,027 5,009 — — 410 537 — — — — Held-to-maturity securities 5,853 6,416 — — — — — — 1,268 1,157 All other assets — — 3 3 25 29 2 2 101 93 Total retained positions $ 9,112 $ 11,600 $ 6 $ 11 $ 460 $ 610 $ 28 $ 14 $ 1,460 $ 1,271 Principal balance outstanding (2) $ 81,644 $ 93,142 $ 3,973 $ 4,710 $ 5,034 $ 6,179 $ 11,568 $ 13,627 $ 85,101 $ 85,540 Consolidated VIEs Maximum loss exposure (1) $ 1,735 $ 1,644 $ — $ 49 $ 78 $ — $ — $ — $ — $ — On-balance sheet assets Trading account assets $ 1,735 $ 1,644 $ — $ — $ 78 $ — $ — $ — $ — $ — Loans and leases, net — — — 58 — — — — — — Total assets $ 1,735 $ 1,644 $ — $ 58 $ 78 $ — $ — $ — $ — $ — Total liabilities $ — $ — $ — $ 9 $ — $ — $ — $ — $ — $ — (1) Maximum loss exposure includes obligations under loss-sharing reinsurance and other arrangements for non-agency residential mortgage and commercial mortgage securitizations, but excludes the reserve for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For more information, see Note 12 – Commitments and Contingencies and Note 20 – Fair Value Measurements . (2) Principal balance outstanding includes loans where the Corporation was the transferor to securitization VIEs with which it has continuing involvement, which may include servicing the loans. Other Asset-backed Securitizations The table below summarizes select information related to home equity, credit card and other asset-backed VIEs in which the Corporation held a variable interest at December 31, 2022 and 2021. Home Equity Loan, Credit Card and Other Asset-backed VIEs Home Equity (1) Credit Card (2) Resecuritization Trusts Municipal Bond Trusts December 31 (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Unconsolidated VIEs Maximum loss exposure $ 119 $ 152 $ — $ — $ 4,243 $ 6,089 $ 2,537 $ 4,094 On-balance sheet assets Securities (3) : Trading account assets $ — $ — $ — $ — $ 456 $ 1,030 $ — $ — Debt securities carried at fair value 1 1 — — 1,259 1,903 — — Held-to-maturity securities — — — — 2,528 3,156 — — Total retained positions $ 1 $ 1 $ — $ — $ 4,243 $ 6,089 $ — $ — Total assets of VIEs $ 326 $ 430 $ — $ — $ 12,255 $ 18,633 $ 3,016 $ 4,655 Consolidated VIEs Maximum loss exposure $ 32 $ 45 $ 9,555 $ 10,279 $ 551 $ 680 $ — $ 210 On-balance sheet assets Trading account assets $ — $ — $ — $ — $ 650 $ 686 $ — $ 122 Loans and leases 97 140 14,555 14,434 — — — — Allowance for loan and lease losses 12 14 (808) (970) — — — — All other assets 2 3 68 70 — — — 88 Total assets $ 111 $ 157 $ 13,815 $ 13,534 $ 650 $ 686 $ — $ 210 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ — $ — $ — $ 196 Long-term debt 79 113 4,247 3,248 99 6 — — All other liabilities — — 13 7 — — — — Total liabilities $ 79 $ 113 $ 4,260 $ 3,255 $ 99 $ 6 $ — $ 196 (1) For unconsolidated home equity loan VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves. For both consolidated and unconsolidated home equity loan VIEs, the maximum loss exposure excludes the reserve for representations and warranties obligations and corporate guarantees. For more information, see Note 12 – Commitments and Contingencies . (2) At December 31, 2022 and 2021, loans and leases in the consolidated credit card trust included $3.3 billion and $4.3 billion of seller’s interest. (3) The retained senior securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy). Home Equity Loans The Corporation retains interests, primarily senior securities, in home equity securitization trusts to which it transferred home equity loans. In addition, the Corporation may be obligated to provide subordinate funding to the trusts during a rapid amortization event. This obligation is included in the maximum loss exposure in the preceding table. The charges that will ultimately be recorded as a result of the rapid amortization events depend on the undrawn portion of the home equity lines of credit, performance of the loans, the amount of subsequent draws and the timing of related cash flows. Credit Card Securitizations The Corporation securitizes originated and purchased credit card loans. The Corporation’s continuing involvement with the securitization trust includes servicing the receivables, retaining an undivided interest (seller’s interest) in the receivables, and holding certain retained interests, including subordinate interests in accrued interest and fees on the securitized receivables and cash reserve accounts. During 2022, 2021 and 2020, the Corporation issued new senior debt securities to third-party investors from the credit card securitization trust totaling $2.3 billion, $1.0 billion, and $1.0 billion, respectively. At December 31, 2022 and 2021, the Corporation held subordinate securities issued by the credit card securitization trust with a notional principal amount of $6.7 billion and $6.5 billion. These securities serve as a form of credit enhancement to the senior debt securities and have a stated interest rate of zero percent. During 2022, 2021 and 2020, the credit card securitization trust issued $363 million, $161 million and $161 million, respectively, of these subordinate securities. Resecuritization Trusts The Corporation transfers securities, typically MBS, into resecuritization VIEs generally at the request of customers seeking securities with specific characteristics. Generally, there are no significant ongoing activities performed in a resecuritization trust, and no single investor has the unilateral ability to liquidate the trust. The Corporation resecuritized $21.8 billion, $28.9 billion and $39.0 billion of securities during 2022, 2021 and 2020, respectively. Securities transferred into resecuritization VIEs were measured at fair value with changes in fair value recorded in market making and similar activities prior to the resecuritization and, accordingly, no gain or loss on sale was recorded. Securities received from the resecuritization VIEs were recognized at their fair value of $2.4 billion, $2.2 billion and $6.1 billion during 2022, 2021 and 2020, respectively. In 2022 and 2021, substantially all of the securities were classified as trading account assets. All of the securities received as resecuritization proceeds during 2020 were classified as trading account assets. Of the securities received as resecuritization proceeds during 2020, $2.4 billion, $2.1 billion and $1.7 billion were classified as trading account assets, debt securities carried at fair value and HTM securities, respectively. Substantially all of the trading account securities carried at fair value were categorized as Level 2 within the fair value hierarchy. Municipal Bond Trusts The Corporation administers municipal bond trusts that hold highly-rated, long-term, fixed-rate municipal bonds. The trusts obtain financing by issuing floating-rate trust certificates that reprice on a weekly or other short-term basis to third-party investors. The Corporation’s liquidity commitments to unconsolidated municipal bond trusts, including those for which the Corporation was transferor, totaled $2.5 billion and $4.1 billion at December 31, 2022 and 2021. The weighted-average remaining life of bonds held in the trusts at December 31, 2022 was 8.7 years. There were no significant write-downs or downgrades of assets or issuers during 2022, 2021 and 2020. Other Variable Interest Entities The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at December 31, 2022 and 2021. Other VIEs Consolidated Unconsolidated Total Consolidated Unconsolidated Total (Dollars in millions) December 31, 2022 December 31, 2021 Maximum loss exposure $ 2,286 $ 31,405 $ 33,691 $ 4,819 $ 27,790 $ 32,609 On-balance sheet assets Trading account assets $ 353 $ 638 $ 991 $ 2,552 $ 626 $ 3,178 Debt securities carried at fair value — 5 5 — 7 7 Loans and leases 2,086 90 2,176 2,503 47 2,550 Allowance for loan and lease losses (1) (12) (13) (2) (12) (14) All other assets 46 30,221 30,267 28 26,628 26,656 Total $ 2,484 $ 30,942 $ 33,426 $ 5,081 $ 27,296 $ 32,377 On-balance sheet liabilities Short-term borrowings $ 42 $ — $ 42 $ 51 $ — $ 51 Long-term debt 156 — 156 211 — 211 All other liabilities — 7,318 7,318 — 6,548 6,548 Total $ 198 $ 7,318 $ 7,516 $ 262 $ 6,548 $ 6,810 Total assets of VIEs $ 2,484 $ 101,271 $ 103,755 $ 5,081 $ 92,249 $ 97,330 Customer VIEs Customer VIEs include credit-linked, equity-linked and commodity-linked note VIEs, repackaging VIEs and asset acquisition VIEs, which are typically created on behalf of customers who wish to obtain market or credit exposure to a specific company, index, commodity or financial instrument. The Corporation’s maximum loss exposure to consolidated and unconsolidated customer VIEs totaled $914 million and $2.9 billion at December 31, 2022 and 2021, including the notional amount of derivatives to which the Corporation is a counterparty, net of losses previously recorded, and the Corporation’s investment, if any, in securities issued by the VIEs. Collateralized Debt Obligation VIEs The Corporation receives fees for structuring CDO VIEs, which hold diversified pools of fixed-income securities, typically corporate debt or ABS, which the CDO VIEs fund by issuing multiple tranches of debt and equity securities. CDOs are generally managed by third-party portfolio managers. The Corporation typically transfers assets to these CDOs, holds securities issued by the CDOs and may be a derivative counterparty to the CDOs. The Corporation’s maximum loss exposure to consolidated and unconsolidated CDOs totaled $197 million and $235 million at December 31, 2022 and 2021. Investment VIEs The Corporation sponsors, invests in or provides financing, which may be in connection with the sale of assets, to a variety of investment VIEs that hold loans, real estate, debt securities or other financial instruments and are designed to provide the desired investment profile to investors or the Corporation. At December 31, 2022 and 2021, the Corporation’s consolidated investment VIEs had total assets of $854 million and $1.0 billion. The Corporation also held investments in unconsolidated VIEs with total assets of $12.2 billion and $7.1 billion at December 31, 2022 and 2021. The Corporation’s maximum loss exposure associated with both consolidated and unconsolidated investment VIEs totaled $2.4 billion and $2.0 billion at December 31, 2022 and 2021 comprised primarily of on-balance sheet assets less non-recourse liabilities. Leveraged Lease Trusts The Corporation’s net investment in consolidated leveraged lease trusts totaled $1.2 billion and $1.5 billion at December 31, 2022 and 2021. The trusts hold long-lived equipment such as rail cars, power generation and distribution equipment, and commercial aircraft. The Corporation structures the trusts and holds a significant residual interest. The net investment represents the Corporation’s maximum loss exposure to the trusts in the unlikely event that the leveraged lease investments become worthless. Debt issued by the leveraged lease trusts is non-recourse to the Corporation. Tax Credit VIEs The Corporation holds investments in unconsolidated limited partnerships and similar entities that construct, own and operate affordable housing, wind and solar projects. An unrelated third party is typically the general partner or managing member and has control over the significant activities of the VIE. As an investor, tax credits associated with the investments in these entities are allocated to the Corporation, as provided by the U.S. Internal Revenue Code and related regulations, and are recognized as income tax benefits in the Corporation’s Consolidated Statement of Income in the year they are earned, which varies based on the type of investments. Tax credits from environmental, social and governance (ESG) investments in affordable housing are recognized ratably over a term of up to 10 years, and tax credits from wind and solar energy investments are recognized either at inception for transactions electing Investment Tax Credits (ITCs) or as energy is produced for transactions electing Production Tax Credits (PTCs), which is generally up to a 10-year time period. The volume and types of investments held by the Corporation will influence the amount of tax credits recognized each period. The maximum loss exposure included in the Other VIEs table was $28.8 billion and $25.7 billion at December 31, 2022 and 2021. In addition to that amount, the Corporation had unfunded capital contributions for renewable energy investments of $1.9 billion and $1.0 billion at December 31, 2022 and 2021. The capital contributions are contingent on various conditions precedent to funding over the next two years. The Corporation’s risk of loss is generally mitigated by policies requiring that the project qualify for the expected tax credits prior to making its investment. The Corporation’s investments in affordable housing partnerships, which are reported in other assets on the Consolidated Balance Sheet, totaled $14.1 billion and $12.6 billion, including unfunded commitments to provide capital contributions of $6.6 billion and $5.8 billion, at December 31, 2022 and 2021. The unfunded commitments are expected to be paid over the next five years. During 2022, 2021 and 2020, the Corporation recognized tax credits and other tax benefits of $1.5 billion, $1.3 billion and $1.2 billion and reported pretax losses in other income of $1.2 billion, $1.1 billion and $1.0 billion. These tax credits are recognized as part of the Corporation’s annual effective tax rate used to determine tax expense in a given quarter. The Corporation may be asked to invest additional amounts to support a troubled affordable housing project. Such additional investments have not been and are not expected to be significant.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The table below presents goodwill balances by business segment at December 31, 2022 and 2021. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. Goodwill December 31 (Dollars in millions) 2022 2021 Consumer Banking $ 30,137 $ 30,137 Global Wealth & Investment Management 9,677 9,677 Global Banking 24,026 24,026 Global Markets 5,182 5,182 Total goodwill $ 69,022 $ 69,022 During 2022, the Corporation completed its annual goodwill impairment test as of June 30, 2022 using qualitative assessments for all applicable reporting units. Based on the results of the annual goodwill impairment test, the Corporation determined there was no impairment. For more information on the use of qualitative assessments, see Note 1 – Summary of Significant Accounting Principles . Intangible Assets At December 31, 2022 and 2021, the net carrying value of intangible assets was $2.1 billion and $2.2 billion. At both December 31, 2022 and 2021, intangible assets included $1.6

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2022
Leases [Abstract]
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at December 31, 2022 and 2021. Net Investment (1) December 31 (Dollars in millions) 2022 2021 Lease receivables $ 15,123 $ 16,806 Unguaranteed residuals 2,143 2,078 Total net investment in sales-type and direct $ 17,266 $ 18,884 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.5 billion and $7.1 billion at December 31, 2022 and 2021. The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The following table provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2022 and 2021. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2022 2021 Right-of-use asset $ 9,755 $ 10,233 Lease liabilities 10,359 10,858 Weighted-average discount rate used to calculate present value of future minimum lease payments 3.25 % 2.91 % Weighted-average lease term (in years) 8.6 9.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 824 $ 1,713 2022 2021 2020 Operating cash flows from operating leases (2) $ 1,986 $ 1,964 $ 2,039 Lease Cost and Supplemental Operating lease cost $ 2,008 $ 2,025 $ 2,149 Variable lease cost (3) 464 462 474 Total lease cost (4) $ 2,472 $ 2,487 $ 2,623 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2022 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2022 2023 $ 819 $ 4,932 $ 1,998 2024 682 4,399 1,850 2025 509 2,539 1,567 2026 368 1,993 1,354 2027 289 990 1,131 Thereafter 664 1,635 4,189 Total undiscounted cash flows $ 3,331 16,488 12,089 Less: Net present value adjustment 1,365 1,730 Total (3) $ 15,123 $ 10,359 (1) Excludes $278 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2023. (2) Includes $10.2 billion in commercial lease financing receivables and $4.9 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at December 31, 2022 and 2021. Net Investment (1) December 31 (Dollars in millions) 2022 2021 Lease receivables $ 15,123 $ 16,806 Unguaranteed residuals 2,143 2,078 Total net investment in sales-type and direct $ 17,266 $ 18,884 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.5 billion and $7.1 billion at December 31, 2022 and 2021. The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The following table provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2022 and 2021. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2022 2021 Right-of-use asset $ 9,755 $ 10,233 Lease liabilities 10,359 10,858 Weighted-average discount rate used to calculate present value of future minimum lease payments 3.25 % 2.91 % Weighted-average lease term (in years) 8.6 9.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 824 $ 1,713 2022 2021 2020 Operating cash flows from operating leases (2) $ 1,986 $ 1,964 $ 2,039 Lease Cost and Supplemental Operating lease cost $ 2,008 $ 2,025 $ 2,149 Variable lease cost (3) 464 462 474 Total lease cost (4) $ 2,472 $ 2,487 $ 2,623 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2022 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2022 2023 $ 819 $ 4,932 $ 1,998 2024 682 4,399 1,850 2025 509 2,539 1,567 2026 368 1,993 1,354 2027 289 990 1,131 Thereafter 664 1,635 4,189 Total undiscounted cash flows $ 3,331 16,488 12,089 Less: Net present value adjustment 1,365 1,730 Total (3) $ 15,123 $ 10,359 (1) Excludes $278 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2023. (2) Includes $10.2 billion in commercial lease financing receivables and $4.9 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at December 31, 2022 and 2021. Net Investment (1) December 31 (Dollars in millions) 2022 2021 Lease receivables $ 15,123 $ 16,806 Unguaranteed residuals 2,143 2,078 Total net investment in sales-type and direct $ 17,266 $ 18,884 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.5 billion and $7.1 billion at December 31, 2022 and 2021. The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The following table provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2022 and 2021. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2022 2021 Right-of-use asset $ 9,755 $ 10,233 Lease liabilities 10,359 10,858 Weighted-average discount rate used to calculate present value of future minimum lease payments 3.25 % 2.91 % Weighted-average lease term (in years) 8.6 9.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 824 $ 1,713 2022 2021 2020 Operating cash flows from operating leases (2) $ 1,986 $ 1,964 $ 2,039 Lease Cost and Supplemental Operating lease cost $ 2,008 $ 2,025 $ 2,149 Variable lease cost (3) 464 462 474 Total lease cost (4) $ 2,472 $ 2,487 $ 2,623 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2022 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2022 2023 $ 819 $ 4,932 $ 1,998 2024 682 4,399 1,850 2025 509 2,539 1,567 2026 368 1,993 1,354 2027 289 990 1,131 Thereafter 664 1,635 4,189 Total undiscounted cash flows $ 3,331 16,488 12,089 Less: Net present value adjustment 1,365 1,730 Total (3) $ 15,123 $ 10,359 (1) Excludes $278 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2023. (2) Includes $10.2 billion in commercial lease financing receivables and $4.9 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at December 31, 2022 and 2021. Net Investment (1) December 31 (Dollars in millions) 2022 2021 Lease receivables $ 15,123 $ 16,806 Unguaranteed residuals 2,143 2,078 Total net investment in sales-type and direct $ 17,266 $ 18,884 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.5 billion and $7.1 billion at December 31, 2022 and 2021. The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The following table provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2022 and 2021. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2022 2021 Right-of-use asset $ 9,755 $ 10,233 Lease liabilities 10,359 10,858 Weighted-average discount rate used to calculate present value of future minimum lease payments 3.25 % 2.91 % Weighted-average lease term (in years) 8.6 9.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 824 $ 1,713 2022 2021 2020 Operating cash flows from operating leases (2) $ 1,986 $ 1,964 $ 2,039 Lease Cost and Supplemental Operating lease cost $ 2,008 $ 2,025 $ 2,149 Variable lease cost (3) 464 462 474 Total lease cost (4) $ 2,472 $ 2,487 $ 2,623 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2022 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2022 2023 $ 819 $ 4,932 $ 1,998 2024 682 4,399 1,850 2025 509 2,539 1,567 2026 368 1,993 1,354 2027 289 990 1,131 Thereafter 664 1,635 4,189 Total undiscounted cash flows $ 3,331 16,488 12,089 Less: Net present value adjustment 1,365 1,730 Total (3) $ 15,123 $ 10,359 (1) Excludes $278 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2023. (2) Includes $10.2 billion in commercial lease financing receivables and $4.9 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2022
Deposits [Abstract]
Deposits	Deposits The scheduled contractual maturities for total time deposits at December 31, 2022 are presented in the table below. Contractual Maturities of Total Time Deposits (Dollars in millions) U.S. Non-U.S. Total Due in 2023 $ 36,114 $ 7,393 $ 43,507 Due in 2024 3,576 67 3,643 Due in 2025 643 6 649 Due in 2026 149 23 172 Due in 2027 116 1,472 1,588 Thereafter 238 8 246 Total time deposits $ 40,836 $ 8,969 $ 49,805

Securities Financing Agreements

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash	12 Months Ended
	Dec. 31, 2022
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash	Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash The Corporation enters into securities financing agreements which include securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase. These financing agreements (also referred to as “matched-book transactions”) are to accommodate customers, obtain securities to cover short positions and finance inventory positions. The Corporation elects to account for certain securities financing agreements under the fair value option. For more information on the fair value option, see Note 21 – Fair Value Option . Offsetting of Securities Financing Agreements Substantially all of the Corporation’s securities financing activities are transacted under legally enforceable master repurchase agreements or legally enforceable master securities lending agreements that give the Corporation, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty. The Corporation offsets securities financing transactions with the same counterparty on the Consolidated Balance Sheet where it has such a legally enforceable master netting agreement and the transactions have the same maturity date. The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at December 31, 2022 and 2021. Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) December 31, 2022 Securities borrowed or purchased under agreements to resell (3) $ 597,847 $ (330,273) $ 267,574 $ (240,120) $ 27,454 Securities loaned or sold under agreements to repurchase $ 525,908 $ (330,273) $ 195,635 $ (183,265) $ 12,370 Other (4) 8,427 — 8,427 (8,427) — Total $ 534,335 $ (330,273) $ 204,062 $ (191,692) $ 12,370 December 31, 2021 Securities borrowed or purchased under agreements to resell (3) $ 527,054 $ (276,334) $ 250,720 $ (229,525) $ 21,195 Securities loaned or sold under agreements to repurchase $ 468,663 $ (276,334) $ 192,329 $ (181,860) $ 10,469 Other (4) 11,391 — 11,391 (11,391) — Total $ 480,054 $ (276,334) $ 203,720 $ (193,251) $ 10,469 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $8.7 billion and $20.1 billion reported in loans and leases on the Consolidated Balance Sheet at December 31, 2022 and 2021. (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities. Repurchase Agreements and Securities Loaned Transactions Accounted for as Secured Borrowings The following tables present securities sold under agreements to repurchase and securities loaned by remaining contractual term to maturity and class of collateral pledged. Included in “Other” are transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. Certain agreements contain a right to substitute collateral and/or terminate the agreement prior to maturity at the option of the Corporation or the counterparty. Such agreements are included in the table below based on the remaining contractual term to maturity. Remaining Contractual Maturity Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater than 90 Days (1) Total (Dollars in millions) December 31, 2022 Securities sold under agreements to repurchase $ 200,087 $ 181,632 $ 41,666 $ 30,107 $ 453,492 Securities loaned 66,909 288 1,139 4,080 72,416 Other 8,427 — — — 8,427 Total $ 275,423 $ 181,920 $ 42,805 $ 34,187 $ 534,335 December 31, 2021 Securities sold under agreements to repurchase $ 148,023 $ 194,964 $ 36,939 $ 36,501 $ 416,427 Securities loaned 46,231 466 1,428 4,111 52,236 Other 11,391 — — — 11,391 Total $ 205,645 $ 195,430 $ 38,367 $ 40,612 $ 480,054 (1) No agreements have maturities greater than four years. Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Other Total (Dollars in millions) December 31, 2022 U.S. government and agency securities $ 193,005 $ 18 $ — $ 193,023 Corporate securities, trading loans and other 14,345 2,896 317 17,558 Equity securities 10,249 69,432 8,110 87,791 Non-U.S. sovereign debt 232,171 70 — 232,241 Mortgage trading loans and ABS 3,722 — — 3,722 Total $ 453,492 $ 72,416 $ 8,427 $ 534,335 December 31, 2021 U.S. government and agency securities $ 201,546 $ 27 $ — $ 201,573 Corporate securities, trading loans and other 12,838 3,440 1,148 17,426 Equity securities 19,907 48,650 10,192 78,749 Non-U.S. sovereign debt 178,019 119 51 178,189 Mortgage trading loans and ABS 4,117 — — 4,117 Total $ 416,427 $ 52,236 $ 11,391 $ 480,054 Under repurchase agreements, the Corporation is required to post collateral with a market value equal to or in excess of the principal amount borrowed. For securities loaned transactions, the Corporation receives collateral in the form of cash, letters of credit or other securities. To determine whether the market value of the underlying collateral remains sufficient, collateral is generally valued daily, and the Corporation may be required to deposit additional collateral or may receive or return collateral pledged when appropriate. Repurchase agreements and securities loaned transactions are generally either overnight, continuous (i.e., no stated term) or short-term. The Corporation manages liquidity risks related to these agreements by sourcing funding from a diverse group of counterparties, providing a range of securities collateral and pursuing longer durations, when appropriate. Short-term Bank Notes Bank of America, N.A. maintains a global program to offer up to a maximum of $75.0 billion outstanding at any one time, of bank notes with fixed or floating rates and maturities of at least seven days from the date of issue. Short-term bank notes outstanding under this program totaled $6.2 billion and $1.8 billion at December 31, 2022 and 2021. These short-term bank notes, along with Federal Home Loan Bank advances, U.S. Treasury tax and loan notes, and term federal funds purchased, are included in short-term borrowings on the Consolidated Balance Sheet. Collateral The Corporation accepts securities and loans as collateral that it is permitted by contract or practice to sell or repledge. At December 31, 2022 and 2021, the fair value of this collateral was $827.6 billion and $854.8 billion, of which $764.1 billion and $782.7 billion were sold or repledged. The primary source of this collateral is securities borrowed or purchased under agreements to resell. The Corporation also pledges company-owned securities and loans as collateral in transactions that include repurchase agreements, securities loaned, public and trust deposits, U.S. Treasury tax and loan notes, and short-term borrowings. This collateral, which in some cases can be sold or repledged by the counterparties to the transactions, is parenthetically disclosed on the Consolidated Balance Sheet. In certain cases, the Corporation has transferred assets to consolidated VIEs where those restricted assets serve as collateral for the interests issued by the VIEs. These assets are included on the Consolidated Balance Sheet in Assets of Consolidated VIEs. liabilities. For more information on the collateral of derivatives, see Note 3 – Derivatives. Restricted Cash At December 31, 2022 and 2021, the Corporation held restricted cash included within cash and cash equivalents on the Consolidated Balance Sheet of $7.6 billion and $5.9 billion, predominantly related to cash segregated in compliance with securities regulations and cash held on deposit with central banks to meet reserve requirements.

Long-term Debt

Long-term Debt	12 Months Ended
Long-term Debt	Dec. 31, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consists of borrowings having an original maturity of one year or more. The table below presents the balance of long-term debt at December 31, 2022 and 2021, and the related contractual rates and maturity dates as of December 31, 2022. Weighted-average Rate December 31 (Dollars in millions) Interest Rates Maturity Dates 2022 2021 Notes issued by Bank of America Corporation (1) Senior notes: Fixed 3.03 % 0.25 - 8.05 % 2023 - 2052 $ 188,429 $ 194,191 Floating 4.2 0.74 - 9.16 2023 - 2044 17,469 18,753 Senior structured notes 11,608 15,086 Subordinated notes: Fixed 4.88 2.94 - 8.57 2024 - 2045 21,098 22,311 Floating 3.45 2.48 - 5.53 2026 - 2037 4,544 2,371 Junior subordinated notes: Fixed 6.71 6.45 - 8.05 2027 - 2066 743 741 Floating 5.56 5.56 2056 1 1 Total notes issued by Bank of America Corporation 243,892 253,454 Notes issued by Bank of America, N.A. Senior notes: Fixed — 501 Floating 5.05 5.05 2024 2,600 3,173 Subordinated notes 6.00 6.00 2036 1,485 1,780 Advances from Federal Home Loan Banks: Fixed 4.49 0.01 - 7.42 2023 - 2034 681 290 Securitizations and other BANA VIEs (2) 4,300 3,338 Other 908 680 Total notes issued by Bank of America, N.A. 9,974 9,762 Other debt Structured liabilities (3) 21,835 16,599 Nonbank VIEs (2) 281 249 Other — 53 Total notes issued by nonbank and other entities 22,116 16,901 Total long-term debt $ 275,982 $ 280,117 (1) Includes total loss-absorbing capacity compliant debt. (2) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet. Long-term debt of VIEs is collateralized by the assets of the VIEs. At December 31, 2022, amount includes debt predominantly from credit card securitization and other VIEs of $4.2 billion and $156 million. For more information, see Note 6 – Securitizations and Other Variable Interest Entities. (3) Includes debt outstanding of $8.0 billion and $5.4 billion at December 31, 2022 and 2021 that was issued by BofA Finance LLC, a consolidated finance subsidiary of Bank of America Corporation, the parent company, and is fully and unconditionally guaranteed by the parent company. During 2022, the Corporation issued $66.0 billion of long-term debt consisting of $44.2 billion of notes issued by Bank of America Corporation, $10.0 billion of notes issued by Bank of America, N.A. and $11.8 billion of other debt. During 2021, the Corporation issued $76.7 billion of long-term debt consisting of $56.2 billion of notes issued by Bank of America Corporation, $8.0 billion of notes issued by Bank of America, N.A. and $12.5 billion of other debt. During 2022, the Corporation had total long-term debt maturities and redemptions in the aggregate of $33.3 billion consisting of $19.8 billion for Bank of America Corporation, $9.9 billion for Bank of America, N.A. and $3.6 billion of other debt. During 2021, the Corporation had total long-term debt maturities and redemptions in the aggregate of $46.4 billion consisting of $24.4 billion for Bank of America Corporation, $10.4 billion for Bank of America, N.A. and $11.6 billion of other debt. Bank of America Corporation and Bank of America, N.A. maintain various U.S. and non-U.S. debt programs to offer both senior and subordinated notes. The notes may be denominated in U.S. dollars or foreign currencies. At December 31, 2022 and 2021, the amount of foreign currency-denominated debt translated into U.S. dollars included in total long-term debt was $46.7 billion and $53.1 billion. Foreign currency contracts may be used to convert certain foreign currency-denominated debt into U.S. dollars. The weighted-average effective interest rates for total long-term debt (excluding senior structured notes), total fixed-rate debt and total floating-rate debt were 3.27 percent, 3.23 percent and 4.14 percent, respectively, at December 31, 2022, and 2.83 percent, 3.08 percent and 0.75 percent, respectively, at December 31, 2021. The Corporation’s ALM activities maintain an overall interest rate risk management strategy that incorporates the use of interest rate contracts to manage fluctuations in earnings caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not have a significantly adverse effect on earnings and capital. The weighted-average rates are the contractual interest rates on the debt and do not reflect the impacts of derivative transactions. The table below shows the carrying value for aggregate annual contractual maturities of long-term debt as of December 31, 2022. Included in the table are certain structured notes issued by the Corporation that contain provisions whereby the borrowings are redeemable at the option of the holder (put options) at specified dates prior to maturity. Other structured notes have coupon or repayment terms linked to the performance of debt or equity securities, indices, currencies or commodities, and the maturity may be accelerated based on the value of a referenced index or security. In both cases, the Corporation or a subsidiary may be required to settle the obligation for cash or other securities prior to the contractual maturity date. These borrowings are reflected in the table as maturing at their contractual maturity date. Long-term Debt by Maturity (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Total Bank of America Corporation Senior notes $ 8,029 $ 22,570 $ 24,730 $ 23,972 $ 16,055 $ 110,542 $ 205,898 Senior structured notes 767 456 558 946 641 8,240 11,608 Subordinated notes — 3,205 5,132 4,908 2,155 10,242 25,642 Junior subordinated notes — — — — 188 556 744 Total Bank of America Corporation 8,796 26,231 30,420 29,826 19,039 129,580 243,892 Bank of America, N.A. Senior notes — 2,600 — — — — 2,600 Subordinated notes — — — — — 1,485 1,485 Advances from Federal Home Loan Banks 600 — 15 9 4 53 681 Securitizations and other Bank VIEs (1) 1,000 1,000 2,248 — — 52 4,300 Other 642 89 71 45 63 (2) 908 Total Bank of America, N.A. 2,242 3,689 2,334 54 67 1,588 9,974 Other debt Structured Liabilities 5,253 2,426 2,482 1,474 2,001 8,199 21,835 Nonbank VIEs (1) — — — — — 281 281 Other — — — — — — — Total other debt 5,253 2,426 2,482 1,474 2,001 8,480 22,116 Total long-term debt $ 16,291 $ 32,346 $ 35,236 $ 31,354 $ 21,107 $ 139,648 $ 275,982 (1) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Corporation enters into a number of off-balance sheet commitments. These commitments expose the Corporation to varying degrees of credit and market risk and are subject to the same credit and market risk limitation reviews as those instruments recorded on the Consolidated Balance Sheet. Credit Extension Commitments The Corporation enters into commitments to extend credit such as loan commitments, SBLCs and commercial letters of credit to meet the financing needs of its customers. The following table includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (i.e., syndicated or participated) to other financial institutions. The distributed amounts were $10.4 billion and $10.7 billion at December 31, 2022 and 2021. The carrying value of the Corporation’s credit extension commitments at December 31, 2022 and 2021, excluding commitments accounted for under the fair value option, was $1.6 billion and $1.5 billion, which predominantly related to the reserve for unfunded lending commitments. The carrying value of these commitments is classified in accrued expenses and other liabilities on the Consolidated Balance Sheet. Legally binding commitments to extend credit generally have specified rates and maturities. Certain of these commitments have adverse change clauses that help to protect the Corporation against deterioration in the borrower’s ability to pay. The following table includes the notional amount of commitments of $3.0 billion and $4.8 billion at December 31, 2022 and 2021 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $110 million and $97 million at December 31, 2022 and 2021, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 21 – Fair Value Option. Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Expire After Total (Dollars in millions) December 31, 2022 Notional amount of credit extension commitments Loan commitments (1) $ 113,962 $ 162,890 $ 221,374 $ 13,667 $ 511,893 Home equity lines of credit 1,479 7,230 11,578 22,154 42,441 Standby letters of credit and financial guarantees (2) 22,565 9,237 2,787 628 35,217 Letters of credit 853 46 52 49 1,000 Other commitments (3) 5 93 71 1,103 1,272 Legally binding commitments 138,864 179,496 235,862 37,601 591,823 Credit card lines (4) 419,144 — — — 419,144 Total credit extension commitments $ 558,008 $ 179,496 $ 235,862 $ 37,601 $ 1,010,967 December 31, 2021 Notional amount of credit extension commitments Loan commitments (1) $ 102,464 $ 190,687 $ 174,978 $ 26,635 $ 494,764 Home equity lines of credit 890 5,097 10,268 24,276 40,531 Standby letters of credit and financial guarantees (2) 22,359 10,742 2,017 422 35,540 Letters of credit 1,145 124 56 98 1,423 Other commitments (3) 18 59 81 1,233 1,391 Legally binding commitments 126,876 206,709 187,400 52,664 573,649 Credit card lines (4) 406,169 — — — 406,169 Total credit extension commitments $ 533,045 $ 206,709 $ 187,400 $ 52,664 $ 979,818 (1) At December 31, 2022 and 2021, $2.6 billion and $4.6 billion of these loan commitments were held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $25.1 billion and $9.5 billion at December 31, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $575 million and $512 million at December 31, 2022 and 2021. (3) Primarily includes second-loss positions on lease-end residual value guarantees. (4) Includes business card unused lines of credit. Other Commitments At December 31, 2022 and 2021, the Corporation had commitments to purchase loans (e.g., residential mortgage and commercial real estate) of $636 million and $181 million, which upon settlement will be included in trading account assets, loans or LHFS, and commitments to purchase commercial loans of $294 million and $518 million, which upon settlement will be included in trading account assets. At December 31, 2022 and 2021, the Corporation had commitments to purchase commodities, primarily liquefied natural gas, of $0 and $949 million, which upon settlement will be included in trading account assets. At both December 31, 2022 and 2021, the Corporation had commitments to enter into resale and forward-dated resale and securities borrowing agreements of $92.0 billion, and commitments to enter into forward-dated repurchase and securities lending agreements of $57.8 billion and $32.6 billion as of both period ends. These commitments generally expire within the next 12 months. At December 31, 2022 and 2021, the Corporation had a commitment to originate or purchase up to $3.7 billion and $4.0 billion on a rolling 12-month basis, of auto loans and leases from a strategic partner. This commitment extends through November 2026 and can be terminated with 12 months prior notice. At December 31, 2022 and 2021, the Corporation had unfunded equity investment commitments of $571 million and $395 million. Other Guarantees Bank-owned Life Insurance Book Value Protection The Corporation sells products that offer book value protection to insurance carriers who offer group life insurance policies to corporations, primarily banks. At December 31, 2022 and 2021, the notional amount of these guarantees totaled $4.3 billion and $6.3 billion. At December 31, 2022 and 2021, the Corporation’s maximum exposure related to these guarantees totaled $632 million and $928 million, with estimated maturity dates between 2033 and 2039. Indemnifications In the ordinary course of business, the Corporation enters into various agreements that contain indemnifications, such as tax indemnifications, whereupon payment may become due if certain external events occur, such as a change in tax law. The indemnification clauses are often standard contractual terms and were entered into in the normal course of business based on an assessment that the risk of loss would be remote. These agreements typically contain an early termination clause that permits the Corporation to exit the agreement upon these events. The maximum potential future payment under indemnification agreements is difficult to assess for several reasons, including the occurrence of an external event, the inability to predict future changes in tax and other laws, the difficulty in determining how such laws would apply to parties in contracts, the absence of exposure limits contained in standard contract language and the timing of any early termination clauses. Historically, any payments made under these guarantees have been de minimis. The Corporation has assessed the probability of making such payments in the future as remote. Merchant Services The Corporation in its role as merchant acquirer or as a sponsor of other merchant acquirers may be held liable for any reversed charges that cannot be collected from the merchants, due to, among other things, merchant fraud or insolvency. If charges are properly reversed after a purchase and cannot be collected from either the merchants or merchant acquirers, the Corporation may be held liable for these reversed charges. The ability to reverse a charge is primarily governed by the applicable payment network rules and regulations, which include, but are not limited to, the type of charge, type of payment used and time limits. The total amount of transactions subject to reversal under payment network rules and regulations processed for the preceding six-month period, which was approximately $501 billion, is an estimate of the Corporation’s maximum potential exposure as of December 31, 2022. The Corporation’s risk in this area primarily relates to circumstances where a cardholder has purchased goods or services for future delivery. The Corporation mitigates this risk by requiring cash deposits, guarantees, letters of credit or other types of collateral from certain merchants. The Corporation’s reserves for contingent losses and the losses incurred related to the merchant processing activity were not significant. Exchange and Clearing House Member Guarantees The Corporation is a member of various securities and derivative exchanges and clearinghouses, both in the U.S. and other countries. As a member, the Corporation may be required to pay a pro-rata share of the losses incurred by some of these organizations as a result of another member default and under other loss scenarios. The Corporation’s potential obligations may be limited to its membership interests in such exchanges and clearinghouses, to the amount (or multiple) of the Corporation’s contribution to the guarantee fund or, in limited instances, to the full pro-rata share of the residual losses after applying the guarantee fund. The Corporation’s maximum potential exposure under these membership agreements is difficult to estimate; however, the Corporation has assessed the probability of making any such payments as remote. Prime Brokerage and Securities Clearing Services In connection with its prime brokerage and clearing businesses, the Corporation performs securities clearance and settlement services with other brokerage firms and clearinghouses on behalf of its clients. Under these arrangements, the Corporation stands ready to meet the obligations of its clients with respect to securities transactions. The Corporation’s obligations in this respect are secured by the assets in the clients’ accounts and the accounts of their customers as well as by any proceeds received from the transactions cleared and settled by the Corporation on behalf of clients or their customers. The Corporation’s maximum potential exposure under these arrangements is difficult to estimate; however, the potential for the Corporation to incur material losses pursuant to these arrangements is remote. Fixed Income Clearing Corporation Sponsored Member Repo Program The Corporation acts as a sponsoring member in a repo program whereby the Corporation clears certain eligible resale and repurchase agreements through the Government Securities Division of the Fixed Income Clearing Corporation on behalf of clients that are sponsored members in accordance with the Fixed Income Clearing Corporation’s rules. As part of this program, the Corporation guarantees the payment and performance of its sponsored members to the Fixed Income Clearing Corporation. The Corporation’s guarantee obligation is secured by a security interest in cash or high-quality securities collateral placed by clients with the clearinghouse and therefore, the potential for the Corporation to incur significant losses under this arrangement is remote. The Corporation’s maximum potential exposure, without taking into consideration the related collateral, was $59.6 billion and $42.0 billion at December 31, 2022 and 2021. Other Guarantees In the normal course of business, the Corporation periodically guarantees the obligations of its affiliates in a variety of transactions including ISDA-related transactions and non-ISDA related transactions such as commodities trading, repurchase agreements, prime brokerage agreements and other transactions. Guarantees of Certain Long-term Debt The Corporation, as the parent company, fully and unconditionally guarantees the securities issued by BofA Finance LLC, a consolidated finance subsidiary of the Corporation, and effectively provides for the full and unconditional guarantee of trust securities issued by certain statutory trust companies that are 100 percent owned finance subsidiaries of the Corporation. Representations and Warranties Obligations and Corporate Guarantees The Corporation securitizes first-lien residential mortgage loans generally in the form of RMBS guaranteed by the GSEs or by GNMA in the case of FHA-insured, VA-guaranteed and Rural Housing Service-guaranteed mortgage loans, and sells pools of first-lien residential mortgage loans in the form of whole loans. In addition, in prior years, legacy companies and certain subsidiaries sold pools of first-lien residential mortgage loans and home equity loans as private-label securitizations or in the form of whole loans. In connection with these transactions, the Corporation or certain of its subsidiaries or legacy companies make and have made various representations and warranties. Breaches of these representations and warranties have resulted in and may continue to result in the requirement to repurchase mortgage loans or to otherwise make whole or provide indemnification or other remedies to sponsors, investors, securitization trusts, guarantors, insurers or other parties (collectively, repurchases). Unresolved Repurchase Claims Unresolved representations and warranties repurchase claims represent the notional amount of repurchase claims made by counterparties, typically the outstanding principal balance or the unpaid principal balance at the time of default. In the case of first-lien mortgages, the claim amount is often significantly greater than the expected loss amount due to the benefit of collateral and, in some cases, mortgage insurance or mortgage guarantee payments. The notional amount of unresolved repurchase claims at December 31, 2022 and 2021 was $5.5 billion and $8.4 billion. These balances included $2.2 billion and $2.8 billion at December 31, 2022 and 2021 of claims related to loans in specific private-label securitization groups or tranches where the Corporation owns substantially all of the outstanding securities or will otherwise realize the benefit of any repurchase claims paid. During 2022, the Corporation received $82 million in new repurchase claims that were not time-barred. During 2022, $3.0 billion in claims were resolved. Reserve and Related Provision The reserve for representations and warranties obligations and corporate guarantees was $612 million and $1.2 billion at December 31, 2022 and 2021 and is included in accrued expenses and other liabilities on the Consolidated Balance Sheet, and the related provision is included in other income in the Consolidated Statement of Income. The representations and warranties reserve represents the Corporation’s best estimate Litigation and Regulatory Matters In the ordinary course of business, the Corporation and its subsidiaries are routinely defendants in or parties to many pending and threatened legal, regulatory and governmental actions and proceedings. In view of the inherent difficulty of predicting the outcome of such matters, particularly where the claimants seek very large or indeterminate damages or where the matters present novel legal theories or involve a large number of parties, the Corporation generally cannot predict the eventual outcome of the pending matters, timing of the ultimate resolution of these matters, or eventual loss, fines or penalties related to each pending matter. As a matter develops, the Corporation, in conjunction with any outside counsel handling the matter, evaluates whether such matter presents a loss contingency that is probable and estimable, and, for the matters below, whether a loss in excess of any accrued liability is reasonably possible in future periods. Once the loss contingency is deemed to be both probable and estimable, the Corporation will establish an accrued liability and record a corresponding amount of expense. The Corporation continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. Excluding expenses of internal and external legal service providers, litigation and regulatory investigation-related expense of $1.2 billion and $164 million was recognized in 2022 and 2021. For any matter disclosed in this Note for which a loss in future periods is reasonably possible and estimable (whether in excess of an accrued liability or where there is no accrued liability) and for representations and warranties exposures, the Corporation’s estimated range of possible loss is $0 to $0.8 billion in excess of the accrued liability, if any, as of December 31, 2022. The accrued liability and estimated range of possible loss are based upon currently available information and subject to significant judgment, a variety of assumptions and known and unknown uncertainties. The matters underlying the accrued liability and estimated range of possible loss are unpredictable and may change from time to time, and actual losses may vary significantly from the current estimate and accrual. The estimated range of possible loss does not represent the Corporation’s maximum loss exposure. Information is provided below regarding the nature of the litigation and, where specified, associated claimed damages. Based on current knowledge, and taking into account accrued liabilities, management does not believe that loss contingencies arising from pending matters, including the matters described below, will have a material adverse effect on the consolidated financial condition or liquidity of the Corporation. However, in light of the significant judgment, variety of assumptions and uncertainties involved in those matters, some of which are beyond the Corporation’s control, and the very large or indeterminate damages sought in some of those matters, an adverse outcome in one or more of those matters could be material to the Corporation’s business or results of operations for any particular reporting period, or cause significant reputational harm. Deposit Insurance Assessment On January 9, 2017, the Federal Deposit Insurance Corporation (FDIC) filed suit against BANA in the U.S. District Court for the District of Columbia (“District Court”) alleging failure to pay a December 15, 2016 invoice for additional deposit insurance assessments and interest in the amount of $542 million for the quarters ending June 30, 2013 through December 31, 2014. On April 7, 2017, the FDIC amended its complaint to add a claim for additional deposit insurance and interest in the amount of $583 million for the quarters ending March 31, 2012 through March 31, 2013. The FDIC asserts these claims based on BANA’s alleged underreporting of counterparty exposures that resulted in underpayment of assessments for those quarters, and its Enforcement Section is also conducting a parallel investigation related to the same alleged reporting error. BANA disagrees with the FDIC’s interpretation of the regulations as they existed during the relevant time period and is defending itself against the FDIC’s claims. Pending final resolution, BANA has pledged security satisfactory to the FDIC related to the disputed additional assessment amounts. On March 27, 2018, the District Court denied BANA’s partial motion to dismiss certain of the FDIC’s claims. On January 24, 2023, the magistrate judge assigned to the matter by the District Court judge held oral argument on the parties’ motions for summary judgment and took the motions under advisement. LIBOR

Shareholders' Equity

Shareholders' Equity	12 Months Ended
Shareholders' Equity	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share February 1, 2023 March 3, 2023 March 31, 2023 $ 0.22 October 19, 2022 December 2, 2022 December 30, 2022 0.22 July 20, 2022 September 2, 2022 September 30, 2022 0.22 April 27, 2022 June 3, 2022 June 24, 2022 0.21 February 2, 2022 March 4, 2022 March 25, 2022 0.21 (1) In 2022, and through February 22, 2023. The cash dividends paid per share of common stock were $0.86 $0.78 and $0.72 for 2022, 2021 and 2020, respectively. The table below summarizes common stock repurchases during 2022, 2021 and 2020. Common Stock Repurchase Summary (in millions) 2022 2021 2020 Total share repurchases, including CCAR capital plan repurchases 126 615 227 Purchase price of shares repurchased and retired (1) $ 5,073 $ 25,126 $ 7,025 (1) Consists of repurchases pursuant to the Corporation’s CCAR capital plans. During 2022, in connection with employee stock plans, the Corporation issued 73 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 28 million shares of its common stock. At December 31, 2022, the Corporation had reserved 491 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock. Preferred Stock The cash dividends declared on preferred stock were $1.6 billion in 2022 and $1.4 billion in both 2021 and 2020. On January 25, 2022, the Corporation issued 70,000 shares of 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR for $1.8 billion, with quarterly dividends commencing in April 2022. The Series RR preferred stock has a liquidation preference of $25,000 per share and is subject to certain restrictions in the event the Corporation fails to declare and pay full dividends. On January 31, 2022 the Corporation issued 28,000 shares of 4.750% Non-Cumulative Preferred Stock, Series SS for $700 million, with quarterly dividends commencing in May 2022. The Series SS preferred stock has a liquidation preference of $25,000 per share and is subject to certain restrictions in the event the Corporation fails to declare and pay full dividends. On April 22, 2022, the Corporation issued 80,000 shares of 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT for $2.0 billion, with quarterly dividends commencing in July 2022. The Series TT preferred stock has a liquidation preference of $25,000 per share and is subject to certain restrictions in the event the Corporation fails to declare and pay full dividends. Through a cash tender offer announced and completed in the fourth quarter of 2022, the Corporation partially repurchased Series E, Series FF, Series HH, Series JJ, Series KK, Series LL, Series MM, Series NN, Series PP, Series QQ, Series RR, Series SS, Series 1 and Series 5 preferred stock with a total carrying value of $737 million for $654 million in cash, with $83 million recognized in additional paid-in capital as a preferred stock benefit. All series of preferred stock in the Preferred Stock Summary table have a par value of $0.01 per share, are not subject to the operation of a sinking fund, have no participation rights, and with the exception of the Series L Preferred Stock, are not convertible. The holders of the Series B Preferred Stock and Series 1 through 5 Preferred Stock have general voting rights and vote together with the common stock. The holders of the other series included in the table have no general voting rights. All outstanding series of preferred stock of the Corporation have preference over the Corporation’s common stock with respect to the payment of dividends and distribution of the Corporation’s assets in the event of a liquidation or dissolution. With the exception of the Series B, F and G Preferred Stock, if any dividend payable on these series is in arrears for three or more semi-annual or six or more quarterly dividend periods, as applicable (whether consecutive or not), the holders of these series and any other class or series of preferred stock ranking equally as to payment of dividends and upon which equivalent voting rights have been conferred and are exercisable (voting as a single class) will be entitled to vote for the election of two additional directors. These voting rights terminate when the Corporation has paid in full dividends on these series for at least two semi-annual or four quarterly dividend periods, as applicable, following the dividend arrearage. The 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (Series L Preferred Stock) does not have early redemption/call rights. Each share of the Series L Preferred Stock may be converted at any time, at the option of the holder, into 20 shares of the Corporation’s common stock plus cash in lieu of fractional shares. The Corporation may cause some or all of the Series L Preferred Stock, at its option, at any time or from time to time, to be converted into shares of common stock at the then-applicable conversion rate if, for 20 trading days during any period of 30 consecutive trading days, the closing price of common stock exceeds 130 percent of the then-applicable conversion price of the Series L Preferred Stock. If a conversion of Series L Preferred Stock occurs at the option of the holder, subsequent to a dividend record date but prior to the dividend payment date, the Corporation will still pay any accrued dividends payable. The table below presents a summary of perpetual preferred stock outstanding at December 31, 2022 . Preferred Stock Summary (Dollars in millions, except as noted) Series Description Initial Total Liquidation Carrying Per Annum Dividend per Share (in dollars) (1) Annual Dividend Redemption Period (2) Series B 7.000% Cumulative Redeemable June 7,076 $ 100 $ 1 7.00 % $ 7 $ — n/a Series E (3) Floating Rate Non-Cumulative November 12,317 25,000 308 3-mo. LIBOR + 35 bps (4) 1.01 13 On or after Series F Floating Rate Non-Cumulative March 1,409 100,000 141 3-mo. LIBOR + 40 bps (4) 4,055.56 6 On or after Series G Adjustable Rate Non-Cumulative March 4,925 100,000 492 3-mo. LIBOR + 40 bps (4) 4,055.56 20 On or after Series L 7.25% Non-Cumulative Perpetual Convertible January 3,080,182 1,000 3,080 7.25 % 72.50 223 n/a Series U (5) Fixed-to-Floating Rate Non-Cumulative May 40,000 25,000 1,000 5.2% to, but excluding, 6/1/23; 3-mo. LIBOR +313.5 bps thereafter 52.00 52 On or after Series X (5) Fixed-to-Floating Rate Non-Cumulative September 80,000 25,000 2,000 6.250% to, but excluding, 9/5/24; 3-mo. LIBOR +370.5 bps thereafter 62.50 125 On or after Series Z (5) Fixed-to-Floating Rate Non-Cumulative October 56,000 25,000 1,400 6.500% to, but excluding, 10/23/24; 3-mo. LIBOR +417.4 bps thereafter 65.00 91 On or after Series AA (5) Fixed-to-Floating Rate Non-Cumulative March 76,000 25,000 1,900 6.100% to, but excluding, 3/17/25; 3-mo. LIBOR +389.8 bps thereafter 61.00 116 On or after Series DD (5) Fixed-to-Floating Rate Non-Cumulative March 40,000 25,000 1,000 6.300% to, but excluding, 3/10/26; 3-mo. LIBOR +455.3 bps thereafter 63.00 63 On or after Series FF (5) Fixed-to-Floating Rate Non-Cumulative March 90,834 25,000 2,271 5.875% to, but excluding, 3/15/28; 3-mo. LIBOR +293.1 bps thereafter 58.75 139 On or after Series GG (3) 6.000% Non-Cumulative May 54,000 25,000 1,350 6.000 % 1.50 81 On or after Series HH (3) 5.875% Non-Cumulative July 34,049 25,000 851 5.875 % 1.47 50 On or after Series JJ (5) Fixed-to-Floating Rate Non-Cumulative June 34,171 25,000 854 5.125% to, but excluding, 6/20/24; 3-mo. LIBOR +329.2 bps thereafter 51.25 51 On or after Series KK (3) 5.375% Non-Cumulative June 55,273 25,000 1,382 5.375 % 1.34 75 On or after Series LL (3) 5.000% Non-Cumulative September 52,045 25,000 1,301 5.000 % 1.25 66 On or after Series MM (5) Fixed-to-Floating Rate Non-Cumulative January 30,753 25,000 769 4.300 % 43.00 46 On or after Series NN (3) 4.375% Non-Cumulative October 42,993 25,000 1,075 4.375 % 1.09 48 On or after Series PP (3) 4.125% Non-Cumulative January 2021 36,500 25,000 912 4.125 % 1.03 38 On or after Series QQ (3) 4.250% Non-Cumulative October 2021 51,879 25,000 1,297 4.250 % 1.12 58 On or after Series RR (6) 4.375% Fixed-Rate Reset Non-Cumulative January 2022 66,738 25,000 1,668 4.375% to, but excluding, 1/27/27; 5-yr U.S. Treasury Rate +276 bps thereafter 43.99 77 On or after Series SS (3) 4.750% Non-Cumulative January 2022 27,463 25,000 687 4.750 % 0.95 27 On or after Series TT (6) 6.125% Fixed-Rate Reset Non-Cumulative April 2022 80,000 25,000 2,000 6.125% to, but excluding, 4/27/27; 5-yr U.S. Treasury Rate +323.1 bps thereafter 46.79 94 On or after Series 1 (7) Floating Rate Non-Cumulative November 3,186 30,000 96 3-mo. LIBOR + 75 bps (8) 0.80 3 On or after Series 2 (7) Floating Rate Non-Cumulative March 9,967 30,000 299 3-mo. LIBOR + 65 bps (8) 0.80 10 On or after Series 4 (7) Floating Rate Non-Cumulative November 7,010 30,000 210 3-mo. LIBOR + 75 bps (4) 1.01 9 On or after Series 5 (7) Floating Rate Non-Cumulative March 13,331 30,000 400 3-mo. LIBOR + 50 bps (4) 1.01 17 On or after Issuance costs and certain adjustments (347) Total 4,088,101 $ 28,397 (1) For all series of preferred stock other than Series B, Series F, Series G and Series L, “Dividend per Share” means the amount of dividends per depositary share of such series. (2) The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the liquidation preference plus declared and unpaid dividends. Series B and Series L Preferred Stock do not have early redemption/call rights. (3) Ownership is held in the form of depositary shares, each representing a 1/1,000th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (4) Subject to 4.00% minimum rate per annum. (5) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a semi-annual cash dividend, if and when declared, until the first redemption date at which time, it adjusts to a quarterly cash dividend, if and when declared, thereafter. (6) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (7) Ownership is held in the form of depositary shares, each representing a 1/1,200th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (8) Subject to 3.00% minimum rate per annum. n/a = not applicable

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Pension and Postretirement Plans The Corporation sponsors a qualified noncontributory trusteed pension plan (Qualified Pension Plan), a number of noncontributory nonqualified pension plans and postretirement health and life plans that cover eligible employees. Non-U.S. pension plans sponsored by the Corporation vary based on the country and local practices. The Qualified Pension Plan has a balance guarantee feature for account balances with participant-selected investments, applied at the time a benefit payment is made from the plan that effectively provides principal protection for participant balances transferred and certain compensation credits. The Corporation is responsible for funding any shortfall on the guarantee feature. Benefits earned under the Qualified Pension Plan have been frozen. Thereafter, the cash balance accounts continue to earn investment credits or interest credits in accordance with the terms of the plan document. The Corporation has an annuity contract that guarantees the payment of benefits vested under a terminated U.S. pension plan (Other Pension Plan). The Corporation, under a supplemental agreement, may be responsible for or benefit from actual experience and investment performance of the annuity assets. The Corporation made no contribution under this agreement in 2022 or 2021. Contributions may be required in the future under this agreement. The Corporation’s noncontributory, nonqualified pension plans are unfunded and provide supplemental defined pension benefits to certain eligible employees. In addition to retirement pension benefits, certain benefits-eligible employees may become eligible to continue participation as retirees in health care and/or life insurance plans sponsored by the Corporation. These plans are referred to as the Postretirement Health and Life Plans. The Pension and Postretirement Plans table summarizes the changes in the fair value of plan assets, changes in the projected benefit obligation (PBO), the funded status of both the accumulated benefit obligation (ABO) and the PBO, and the weighted-average assumptions used to determine benefit obligations for the pension plans and postretirement plans at December 31, 2022 and 2021. The estimate of the Corporation’s PBO associated with these plans considers various actuarial assumptions, including assumptions for mortality rates and discount rates. The discount rate assumptions are derived from a cash flow matching technique that utilizes rates that are based on Aa-rated corporate bonds with cash flows that match estimated benefit payments of each of the plans. The increases in the weighted-average discount rates in 2022 resulted in a decrease to the PBO of $5.3 billion at December 31, 2022. The increases in the weighted-average discount rates in 2021 resulted in a decrease to the PBO of approximately $895 million at December 31, 2021. Significant gains and losses related to changes in the PBO for 2022 and 2021 primarily resulted from changes in the discount rate. Pension and Postretirement Plans (1) Qualified Non-U.S. Nonqualified and Other Postretirement (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Fair value, January 1 $ 22,078 $ 21,776 $ 3,031 $ 3,078 $ 2,585 $ 2,789 $ 117 $ 143 Actual return on plan assets (3,896) 1,215 (898) 62 (332) (55) 2 — Company contributions (withdrawals) — — 30 24 (135) 87 45 38 Plan participant contributions — — 1 1 — — 104 107 Settlements and curtailments — — (51) (11) (6) — — — Benefits paid (924) (913) (62) (84) (226) (236) (161) (171) Federal subsidy on benefits paid n/a n/a n/a n/a n/a n/a — — Foreign currency exchange rate changes n/a n/a (323) (39) n/a n/a n/a n/a Fair value, December 31 $ 17,258 $ 22,078 $ 1,728 $ 3,031 $ 1,886 $ 2,585 $ 107 $ 117 Change in projected benefit obligation Projected benefit obligation, January 1 $ 15,676 $ 16,427 $ 3,116 $ 3,340 $ 2,753 $ 3,005 $ 928 $ 1,007 Service cost — — 29 28 — — 4 5 Interest cost 438 414 53 45 74 67 25 24 Plan participant contributions — — 1 1 — — 104 107 Plan amendments — — 3 — — — — — Settlements and curtailments — — (51) (11) (6) — — — Actuarial loss (gain) (3,610) (252) (1,054) (152) (486) (83) (198) (44) Benefits paid (924) (913) (62) (84) (226) (236) (161) (171) Federal subsidy on benefits paid n/a n/a n/a n/a n/a n/a — — Foreign currency exchange rate changes n/a n/a (283) (51) n/a n/a (2) — Projected benefit obligation, December 31 $ 11,580 $ 15,676 $ 1,752 $ 3,116 $ 2,109 $ 2,753 $ 700 $ 928 Amounts recognized on Consolidated Balance Sheet Other assets $ 5,678 $ 6,402 $ 370 $ 550 $ 495 $ 777 $ — $ — Accrued expenses and other liabilities — — (394) (635) (718) (945) (593) (811) Net amount recognized, December 31 $ 5,678 $ 6,402 $ (24) $ (85) $ (223) $ (168) $ (593) $ (811) Funded status, December 31 Accumulated benefit obligation $ 11,580 $ 15,676 $ 1,694 $ 3,031 $ 2,109 $ 2,753 n/a n/a Overfunded (unfunded) status of ABO 5,678 6,402 34 — (223) (168) n/a n/a Provision for future salaries — — 58 85 — — n/a n/a Projected benefit obligation 11,580 15,676 1,752 3,116 2,109 2,753 $ 700 $ 928 Weighted-average assumptions, December 31 Discount rate 5.54 % 2.86 % 4.59 % 1.85 % 5.58 % 2.80 % 5.56 % 2.85 % Rate of compensation increase n/a n/a 4.25 4.46 4.00 4.00 n/a n/a Interest-crediting rate 5.36 % 4.83 % 2.03 1.90 4.69 4.22 n/a n/a (1) The measurement date for all of the above plans was December 31 of each year reported. n/a = not applicable The Corporation’s estimate of its contributions to be made to the Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans in 2023 is $26 million, $89 million and $22 million, respectively. The Corporation does not expect to make a contribution to the Qualified Pension Plan in 2023. It is the policy of the Corporation to fund no less than the minimum funding amount required by the Employee Retirement Income Security Act of 1974 (ERISA). Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2022 and 2021 are presented in the table below. For these plans, funding strategies vary due to legal requirements and local practices. Plans with ABO and PBO in Excess of Plan Assets Non-U.S. Nonqualified (Dollars in millions) 2022 2021 2022 2021 PBO $ 458 $ 841 $ 719 $ 945 ABO 416 780 719 945 Fair value of plan assets 71 207 1 1 Components of Net Periodic Benefit Cost Qualified Pension Plan Non-U.S. Pension Plans (Dollars in millions) 2022 2021 2020 2022 2021 2020 Components of net periodic benefit cost (income) Service cost $ — $ — $ — $ 29 $ 28 $ 20 Interest cost 438 414 500 53 45 49 Expected return on plan assets (1,204) (1,173) (1,154) (59) (70) (66) Amortization of actuarial loss (gain) and prior service cost 140 193 173 14 19 9 Other — — — 10 5 8 Net periodic benefit cost (income) $ (626) $ (566) $ (481) $ 47 $ 27 $ 20 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 2.86 % 2.57 % 3.32 % 1.85 % 1.35 % 1.81 % Expected return on plan assets 5.75 5.75 6.00 2.17 2.30 2.57 Rate of compensation increase n/a n/a n/a 4.46 4.11 4.10 Nonqualified and Postretirement Health (Dollars in millions) 2022 2021 2020 2022 2021 2020 Components of net periodic benefit cost (income) Service cost $ — $ — $ 1 $ 4 $ 5 $ 5 Interest cost 74 67 90 25 24 32 Expected return on plan assets (59) (49) (71) (2) (3) (4) Amortization of actuarial loss (gain) and prior service cost 54 63 50 (9) 20 29 Other 1 — — — — (2) Net periodic benefit cost (income) $ 70 $ 81 $ 70 $ 18 $ 46 $ 60 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 2.80 % 2.33 % 3.20 % 2.85 % 2.48 % 3.27 % Expected return on plan assets 2.38 1.88 2.77 2.00 2.00 2.00 Rate of compensation increase 4.00 4.00 4.00 n/a n/a n/a n/a = not applicable The asset valuation method used to calculate the expected return on plan assets component of net periodic benefit cost for the Qualified Pension Plan recognizes 60 percent of the prior year’s market gains or losses at the next measurement date with the remaining 40 percent spread equally over the subsequent four years. Gains and losses for all benefit plans except postretirement health care are recognized in accordance with the standard amortization provisions of the applicable accounting guidance. Net periodic postretirement health and life expense was determined using the “projected unit credit” actuarial method. For the Postretirement Health and Life Plans, 50 percent of the unrecognized gain or loss at the beginning of the year (or at subsequent remeasurement) is recognized on a level basis during the year. Assumed health care cost trend rates affect the postretirement benefit obligation and benefit cost reported for the Postretirement Health and Life Plans. The assumed health care cost trend rate used to measure the expected cost of benefits covered by the Postretirement Health and Life Plans is 6.50 percent for 2023, reducing in steps to 5.00 percent in 2028 and later years. The Corporation’s net periodic benefit cost (income) recognized for the plans is sensitive to the discount rate and expected return on plan assets. For the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans, a 25 bp decline in discount rates and expected return on assets would not have had a significant impact on the net periodic benefit cost for 2022. Pretax Amounts included in Accumulated OCI and OCI Qualified Non-U.S. Nonqualified Postretirement Total (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net actuarial loss (gain) $ 4,775 $ 3,425 $ 312 $ 456 $ 796 $ 945 $ (187) $ 4 $ 5,696 $ 4,830 Prior service cost (credits) — — 43 17 — — (1) (3) 42 14 Amounts recognized in accumulated OCI $ 4,775 $ 3,425 $ 355 $ 473 $ 796 $ 945 $ (188) $ 1 $ 5,738 $ 4,844 Current year actuarial loss (gain) $ 1,490 $ (294) $ (107) $ (154) $ (95) $ 21 $ (198) $ (41) $ 1,090 $ (468) Amortization of actuarial gain (loss) and prior service cost (140) (193) (14) (19) (54) (63) 9 (20) (199) (295) Current year prior service cost (credit) — — 3 — — — — — 3 — Amounts recognized in OCI $ 1,350 $ (487) $ (118) $ (173) $ (149) $ (42) $ (189) $ (61) $ 894 $ (763) Plan Assets The Qualified Pension Plan has been established as a retirement vehicle for participants, and trusts have been established to secure benefits promised under the Qualified Pension Plan. The Corporation’s policy is to invest the trust assets in a prudent manner for the exclusive purpose of providing benefits to participants and defraying reasonable expenses of administration. The Corporation’s investment strategy is designed to provide a total return that, over the long term, increases the ratio of assets to liabilities. The strategy attempts to maximize the investment return on assets at a level of risk deemed appropriate by the Corporation while complying with ERISA and any applicable regulations and laws. The investment strategy utilizes asset allocation as a principal determinant for establishing the risk/return profile of the assets. Asset allocation ranges are established, periodically reviewed and adjusted as funding levels and liability characteristics change. Active and passive investment managers are employed to help enhance the risk/return profile of the assets. An additional aspect of the investment strategy used to minimize risk (part of the asset allocation plan) includes matching the exposure of participant-selected investment measures. The assets of the Non-U.S. Pension Plans are primarily attributable to a U.K. pension plan. This U.K. pension plan’s assets are invested prudently so that the benefits promised to members are provided with consideration given to the nature and the duration of the plans’ liabilities. The selected asset allocation strategy is designed to achieve a higher return than the lowest risk strategy. The expected rate of return on plan assets assumption was developed through analysis of historical market returns, historical asset class volatility and correlations, current market conditions, anticipated future asset allocations, the funds’ past experience and expectations on potential future market returns. The expected return on plan assets assumption is determined using the calculated market-related value for the Qualified Pension Plan and the Other Pension Plan and the fair value for the Non-U.S. Pension Plans and Postretirement Health and Life Plans. The expected return on plan assets assumption represents a long-term average view of the performance of the assets in the Qualified Pension Plan, the Non-U.S. Pension Plans, the Other Pension Plan, and Postretirement Health and Life Plans, a return that may or may not be achieved during any one calendar year. The Other Pension Plan is invested solely in an annuity contract, which is primarily invested in fixed-income securities structured such that asset maturities match the duration of the plan’s obligations. The target allocations for 2023 by asset category for the Qualified Pension Plan, Non-U.S. Pension Plans, and Nonqualified and Other Pension Plans are presented in the table below. Equity securities for the Qualified Pension Plan include common stock of the Corporation in the amounts of $296 million (1.72 percent of total plan assets) and $398 million (1.80 percent of total plan assets) at December 31, 2022 and 2021. 2023 Target Allocation Percentage Asset Category Qualified Non-U.S. Nonqualified Equity securities 15 - 50% 0 - 20% 0 - 5% Debt securities 45 - 80% 40 - 75% 95 - 100% Real estate 0 - 10% 0 - 15% 0 - 5% Other 0 - 5% 10 - 40% 0 - 5% Fair Value Measurements For more information on fair value measurements, including descriptions of Level 1, 2 and 3 of the fair value hierarchy and the valuation methods employed by the Corporation, see Note 1 – Summary of Significant Accounting Principles and Note 20 – Fair Value Measurements . Combined plan investment assets measured at fair value by level and in total at December 31, 2022 and 2021 are summarized in the Fair Value Measurements table. Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (Dollars in millions) December 31, 2022 December 31, 2021 Money market and interest-bearing cash $ 1,329 $ — $ — $ 1,329 $ 1,339 $ — $ — $ 1,339 U.S. government and government agency obligations 3,313 704 5 4,022 4,948 934 6 5,888 Corporate debt — 3,587 — 3,587 — 4,900 — 4,900 Non-U.S. debt securities 327 933 — 1,260 925 1,165 — 2,090 Asset-backed securities — 1,273 — 1,273 — 1,485 — 1,485 Mutual and exchange-traded funds 1,247 — — 1,247 1,395 — — 1,395 Collective investment funds — 1,988 — 1,988 — 3,419 — 3,419 Common and preferred stocks 3,901 — — 3,901 4,826 — — 4,826 Real estate investment trusts 76 — — 76 87 — — 87 Participant loans — — 6 6 — — 7 7 Other investments (1) 1 23 410 434 1 29 630 660 Total plan investment assets, at fair value (2) $ 10,194 $ 8,508 $ 421 $ 19,123 $ 13,521 $ 11,932 $ 643 $ 26,096 (1) Other investments includes insurance annuity contracts of $390 million and $612 million and other various investments of $44 million and $48 million at December 31, 2022 and 2021. (2) At December 31, 2022 and 2021, excludes $1.9 billion and $1.7 billion of certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are not required to be classified in the fair value hierarchy. The Level 3 Fair Value Measurements table presents a reconciliation of all plan investment assets measured at fair value using significant unobservable inputs (Level 3) during 2022, 2021 and 2020. Level 3 Fair Value Measurements Balance Actual Return on Purchases, Sales and Settlements Balance (Dollars in millions) 2022 U.S. government and government agency obligations $ 6 $ — $ (1) $ 5 Participant Loans 7 — (1) 6 Other investments 630 (8) (212) 410 Total $ 643 $ (8) $ (214) $ 421 2021 U.S. government and government agency obligations $ 7 $ — $ (1) $ 6 Participant Loans 7 — — 7 Other investments 684 (5) (49) 630 Total $ 698 $ (5) $ (50) $ 643 2020 U.S. government and government agency obligations $ 8 $ — $ (1) $ 7 Participant loans 8 — (1) 7 Other investments 628 6 50 684 Total $ 644 $ 6 $ 48 $ 698 Projected Benefit Payments Benefit payments projected to be made from the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans are presented in the table below. Projected Benefit Payments (Dollars in millions) Qualified Pension Plan (1) Non-U.S. Pension Plans (2) Nonqualified and Other Pension Plans (2) Postretirement Health and Life Plans (3) 2023 $ 892 $ 114 $ 235 $ 73 2024 927 108 232 70 2025 918 116 223 67 2026 921 117 215 64 2027 908 114 209 61 2028 - 2032 4,289 580 884 263 (1) Benefit payments expected to be made from the plan’s assets. (2) Benefit payments expected to be made from a combination of the plans’ and the Corporation’s assets. (3) Benefit payments (net of retiree contributions) expected to be made from a combination of the plans’ and the Corporation’s assets. Defined Contribution Plans The Corporation maintains qualified and non-qualified defined contribution retirement plans. The Corporation recorded expense of $1.2 billion in 2022, 2021 and 2020 related to the qualified defined contribution plans. At December 31, 2022 and 2021, 179 million and 173 million shares of the Corporation’s common stock were held by these plans. Payments to the plans for dividends on common stock were $153 million, $139 million and $138 million in 2022, 2021 and 2020, respectively. Certain non-U.S. employees are covered under defined contribution pension plans that are separately administered in accordance with local laws.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
Accumulated Other Comprehensive Income (Loss)	Dec. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The table below presents the changes in accumulated OCI after-tax for 2022, 2021 and 2020. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2019 $ 323 $ (1,494) $ (400) $ (4,168) $ (894) $ (6,633) Net change 4,799 (498) 826 (98) (52) 4,977 Balance, December 31, 2020 $ 5,122 $ (1,992) $ 426 $ (4,266) $ (946) $ (1,656) Net change (2,077) 356 (2,306) 624 (45) (3,448) Balance, December 31, 2021 $ 3,045 $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104) Net change (6,028) 755 (10,055) (667) (57) (16,052) Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156) The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for 2022, 2021 and 2020. Pretax Tax After- Pretax Tax After- Pretax Tax effect After- (Dollars in millions) 2022 2021 2020 Debt securities: Net increase (decrease) in fair value $ (7,995) $ 1,991 $ (6,004) $ (2,749) $ 689 $ (2,060) $ 6,819 $ (1,712) $ 5,107 Net realized (gains) losses reclassified into earnings (1) (32) 8 (24) (22) 5 (17) (411) 103 (308) Net change (8,027) 1,999 (6,028) (2,771) 694 (2,077) 6,408 (1,609) 4,799 Debit valuation adjustments: Net increase (decrease) in fair value 980 (237) 743 449 (103) 346 (669) 156 (513) Net realized (gains) losses reclassified into earnings (1) 16 (4) 12 13 (3) 10 19 (4) 15 Net change 996 (241) 755 462 (106) 356 (650) 152 (498) Derivatives: Net increase (decrease) in fair value (13,711) 3,430 (10,281) (2,849) 703 (2,146) 1,098 (268) 830 Reclassifications into earnings: Net interest income 332 (84) 248 (166) 48 (118) 6 (1) 5 Compensation and benefits expense (29) 7 (22) (55) 13 (42) (12) 3 (9) Net realized (gains) losses reclassified into earnings 303 (77) 226 (221) 61 (160) (6) 2 (4) Net change (13,408) 3,353 (10,055) (3,070) 764 (2,306) 1,092 (266) 826 Employee benefit plans: Net increase (decrease) in fair value (1,103) 276 (827) 463 (72) 391 (381) 80 (301) Net actuarial losses and other reclassified into earnings (2) 198 (49) 149 295 (67) 228 261 (63) 198 Settlements, curtailments and other 11 — 11 5 — 5 5 — 5 Net change (894) 227 (667) 763 (139) 624 (115) 17 (98) Foreign currency: Net increase (decrease) in fair value 332 (390) (58) 296 (341) (45) (251) 199 (52) Net realized (gains) losses reclassified into earnings (1) — 1 1 (5) 5 — (1) 1 — Net change 332 (389) (57) 291 (336) (45) (252) 200 (52) Total other comprehensive income (loss) $ (21,001) $ 4,949 $ (16,052) $ (4,325) $ 877 $ (3,448) $ 6,483 $ (1,506) $ 4,977 (1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income. (2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
Earnings Per Common Share	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The calculation of EPS and diluted EPS for 2022, 2021 and 2020 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles. (In millions, except per share information) 2022 2021 2020 Earnings per common share Net income $ 27,528 $ 31,978 $ 17,894 Preferred stock dividends and other (1,513) (1,421) (1,421) Net income applicable to common shareholders $ 26,015 $ 30,557 $ 16,473 Average common shares issued and outstanding 8,113.7 8,493.3 8,753.2 Earnings per common share $ 3.21 $ 3.60 $ 1.88 Diluted earnings per common share Net income applicable to common shareholders $ 26,015 $ 30,557 $ 16,473 Average common shares issued and outstanding 8,113.7 8,493.3 8,753.2 Dilutive potential common shares (1) 53.8 65.1 43.7 Total diluted average common shares issued and outstanding 8,167.5 8,558.4 8,796.9 Diluted earnings per common share $ 3.19 $ 3.57 $ 1.87 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants. For 2022, 2021 and 2020 , 62 average dilutive potential common shares associated with the Series L preferred stock were not included in the diluted share count because the result would have been antidilutive under the “if-converted” method.

Regulatory Requirements and Res

Regulatory Requirements and Restrictions	12 Months Ended
Regulatory Requirements and Restrictions	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Regulatory Requirements and Restrictions	Regulatory Requirements and Restrictions The Federal Reserve, Office of the Comptroller of the Currency (OCC) and FDIC (collectively, U.S. banking regulators) jointly establish regulatory capital adequacy rules, including Basel 3, for U.S. banking organizations. As a financial holding company, the Corporation is subject to capital adequacy rules issued by the Federal Reserve. The Corporation’s banking entity affiliates are subject to capital adequacy rules issued by the OCC. The Corporation and its primary banking entity affiliate, BANA, are Advanced approaches institutions under Basel 3. As Advanced approaches institutions, the Corporation and its banking entity affiliates are required to report regulatory risk-based capital ratios and risk-weighted assets under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy, including under the Prompt Corrective Action (PCA) framework. The Corporation is required to maintain a minimum supplementary leverage ratio (SLR) of 3.0 percent plus a leverage buffer of 2.0 percent in order to avoid certain restrictions on capital distributions and discretionary bonus payments. The Corporation’s insured depository institution subsidiaries are required to maintain a minimum 6.0 percent SLR to be considered well capitalized under the PCA framework. The table below presents capital ratios and related information in accordance with Basel 3 Standardized and Advanced approaches as measured at December 31, 2022 and 2021 for the Corporation and BANA. Regulatory Capital under Basel 3 Bank of America Corporation Bank of America, N.A. Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (2) Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (3) (Dollars in millions, except as noted) December 31, 2022 Risk-based capital metrics: Common equity tier 1 capital $ 180,060 $ 180,060 $ 181,089 $ 181,089 Tier 1 capital 208,446 208,446 181,089 181,089 Total capital (4) 238,773 230,916 194,254 186,648 Risk-weighted assets (in billions) 1,605 1,411 1,386 1,087 Common equity tier 1 capital ratio 11.2 % 12.8 % 10.4 % 13.1 % 16.7 % 7.0 % Tier 1 capital ratio 13.0 14.8 11.9 13.1 16.7 8.5 Total capital ratio 14.9 16.4 13.9 14.0 17.2 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 2,997 $ 2,997 $ 2,358 $ 2,358 Tier 1 leverage ratio 7.0 % 7.0 % 4.0 7.7 % 7.7 % 5.0 Supplementary leverage exposure (in billions) $ 3,523 $ 2,785 Supplementary leverage ratio 5.9 % 5.0 6.5 % 6.0 December 31, 2021 Risk-based capital metrics: Common equity tier 1 capital $ 171,759 $ 171,759 $ 182,526 $ 182,526 Tier 1 capital 196,465 196,465 182,526 182,526 Total capital (4) 227,592 220,616 194,773 188,091 Risk-weighted assets (in billions) 1,618 1,399 1,352 1,048 Common equity tier 1 capital ratio 10.6 % 12.3 % 9.5 % 13.5 % 17.4 % 7.0 % Tier 1 capital ratio 12.1 14.0 11.0 13.5 17.4 8.5 Total capital ratio 14.1 15.8 13.0 14.4 17.9 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 3,087 $ 3,087 $ 2,414 $ 2,414 Tier 1 leverage ratio 6.4 % 6.4 % 4.0 7.6 % 7.6 % 5.0 Supplementary leverage exposure (in billions) $ 3,604 $ 2,824 Supplementary leverage ratio 5.5 % 5.0 6.5 % 6.0 (1) As of December 31, 2022 and 2021, capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of the current expected credit losses accounting standard on January 1, 2020. (2) The capital conservation buffer and global systemically important bank (G-SIB) surcharge were 2.5 percent at both December 31, 2022 and 2021. The Corporation’s stress capital buffer applied in place of the capital conservation buffer under the Standardized approach was 3.4 percent at December 31, 2022 and 2.5 percent at December 31, 2021. The countercyclical capital buffer for both periods was zero. The CET1 capital regulatory minimum is the sum of the CET1 capital ratio minimum of 4.5 percent, the Corporation’s G-SIB surcharge of 2.5 percent and the Corporation’s capital conservation buffer of 2.5 percent or the SCB, as applicable, of 3.4 percent at December 31, 2022 and 2.5 percent at December 31, 2021. The SLR regulatory minimum includes a leverage buffer of 2.0 percent. (3) Risk-based capital regulatory minimums at December 31, 2022 and 2021 are the minimum ratios under Basel 3, including a capital conservation buffer of 2.5 percent. The regulatory minimums for the leverage ratios as of both period ends are the percent required to be considered well capitalized under the PCA framework. (4) Total capital under the Advanced approaches differs from the Standardized approach due to differences in the amount permitted in Tier 2 capital related to the qualifying allowance for credit losses. (5) Reflects total average assets adjusted for certain Tier 1 capital deductions. The capital adequacy rules issued by the U.S. banking regulators require institutions to meet the established minimums outlined in the table above. Failure to meet the minimum requirements can lead to certain mandatory and discretionary actions by regulators that could have a material adverse impact on the Corporation’s financial position. At December 31, 2022 and 2021, the Corporation and its banking entity affiliates were well capitalized. Other Regulatory Matters At December 31, 2022 and 2021, the Corporation had cash and cash equivalents in the amount of $5.6 billion and $4.0 billion, and securities with a fair value of $16.6 billion and $10.6 billion that were segregated in compliance with securities regulations. Cash and cash equivalents segregated in compliance with securities regulations are a component of restricted cash. For more information, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . In addition, at December 31, 2022 and 2021, the Corporation had cash deposited with clearing organizations of $20.7 billion and $28.6 billion primarily recorded in other assets on the Consolidated Balance Sheet. Bank Subsidiary Distributions The primary sources of funds for cash distributions by the Corporation to its shareholders are capital distributions received from its bank subsidiaries, BANA and Bank of America California, N.A. In 2022, the Corporation received dividends of $22.0 billion from BANA and $250 million from Bank of America California, N.A. The amount of dividends that a subsidiary bank may declare in a calendar year without OCC approval is the subsidiary bank’s net profits for that year combined with its retained net profits for the preceding two years. Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period. In 2023, BANA can declare and pay dividends of approximately $16.1 billion to the Corporation plus an additional amount equal to its retained net profits for 2023 up to the date of any such dividend declaration. Bank of America California, N.A. can pay dividends of $173 million in 2023 plus an additional amount equal to its retained net profits for 2023 up to the date of any such dividend declaration.

Stock-based Compensation Plans

Stock-based Compensation Plans	12 Months Ended
Stock-based Compensation Plans	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Plans	Stock-based Compensation Plans The Corporation administers a number of equity compensation plans, with awards being granted predominantly from the Bank of America Corporation Equity Plan (BACEP). Under this plan, 715 million shares of the Corporation’s common stock are authorized to be used for grants of awards. During 2022 and 2021, the Corporation granted 102 million and 99 million RSU awards to certain employees under the BACEP. These RSUs were authorized to settle predominantly in shares of common stock of the Corporation. Certain RSUs will be settled in cash or contain settlement provisions that subject these awards to variable accounting whereby compensation expense is adjusted to fair value based on changes in the share price of the Corporation’s common stock up to the settlement date. The RSUs granted in 2022 will generally vest over four years. Of the RSUs granted in 2021, 81 million will generally vest over four years and 18 million will vest over three years. The four-year awards vest primarily in one-fourth increments on each of the first four anniversaries of the grant date while the three-year awards vest primarily in one-third increments on each of the first three anniversaries of the grant date, provided that the employee remains continuously employed with the Corporation during that time, and will be expensed ratably over the vesting period, net of estimated forfeitures, for non-retirement eligible employees based on the grant-date fair value of the shares. Of the RSUs granted in 2022 and 2021 that vest over four years, 39 million and 27 million do not include retirement eligibility. For all other RSUs granted to employees who are retirement eligible, they are deemed authorized as of the beginning of the year preceding the grant date when the incentive award plans are generally approved. As a result, the estimated value is expensed ratably over the year preceding the grant date. The compensation cost for the stock-based plans was $2.9 billion, $3.0 billion and $2.1 billion, and the related income tax benefit was $697 million, $723 million and $505 million for 2022, 2021 and 2020, respectively. At December 31, 2022, there was an estimated $3.6 billion of total unrecognized compensation cost related to certain share-based compensation awards that is expected to be recognized over a period of up to four years, with a weighted-average period of 2.7 years. Restricted Stock and Restricted Stock Units The total fair value of restricted stock and restricted stock units vested in 2022, 2021 and 2020 was $3.4 billion, $2.3 billion and $2.3 billion, respectively. The table below presents the status at December 31, 2022 of the share-settled restricted stock and restricted stock units and changes during 2022. Stock-settled Restricted Stock and Restricted Stock Units Shares/Units Weighted- Outstanding at January 1, 2022 185,050,842 $ 31.54 Granted 100,108,395 46.10 Vested (73,288,792) 30.85 Canceled (9,310,647) 39.80 Outstanding at December 31, 2022 202,559,798 38.60

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax expense for 2022, 2021 and 2020 are presented in the table below. Income Tax Expense (Dollars in millions) 2022 2021 2020 Current income tax expense U.S. federal $ 1,157 $ 1,076 $ 1,092 U.S. state and local 389 775 1,076 Non-U.S. 1,156 985 670 Total current expense 2,702 2,836 2,838 Deferred income tax expense U.S. federal 110 962 (799) U.S. state and local 254 491 (233) Non-U.S. 375 (2,291) (705) Total deferred expense 739 (838) (1,737) Total income tax expense $ 3,441 $ 1,998 $ 1,101 Total income tax expense does not reflect the tax effects of items that are included in OCI each period. For more information, see Note 14 – Accumulated Other Comprehensive Income (Loss) . Other tax effects included in OCI each period resulted in a benefit of $4.9 billion and $877 million in 2022 and 2021 and an expense of $1.5 billion in 2020. Income tax expense for 2022, 2021 and 2020 varied from the amount computed by applying the statutory income tax rate to income before income taxes. The Corporation’s federal statutory tax rate was 21 percent for 2022, 2021 and 2020. A reconciliation of the expected U.S. federal income tax expense, calculated by applying the federal statutory tax rate, to the Corporation’s actual income tax expense, and the effective tax rates for 2022, 2021 and 2020 are presented in the following table. Reconciliation of Income Tax Expense Amount Percent Amount Percent Amount Percent (Dollars in millions) 2022 2021 2020 Expected U.S. federal income tax expense $ 6,504 21.0 % $ 7,135 21.0 % $ 3,989 21.0 % Increase (decrease) in taxes resulting from: State tax expense, net of federal benefit 756 2.4 1,087 3.2 728 3.8 Affordable housing/energy/other credits (3,698) (11.9) (3,795) (11.2) (2,869) (15.1) Tax-exempt income, including dividends (273) (0.9) (352) (1.0) (346) (1.8) Changes in prior-period UTBs, including interest (273) (0.9) (155) (0.5) (41) (0.2) Rate differential on non-U.S. earnings 368 1.2 45 0.1 218 1.1 Nondeductible expenses 352 1.1 206 0.6 324 1.7 Tax law changes 186 0.6 (2,050) (6.0) (699) (3.7) Other (481) (1.5) (123) (0.3) (203) (1.0) Total income tax expense $ 3,441 11.1 % $ 1,998 5.9 % $ 1,101 5.8 % Tax Law changes reflect the impact of the 2022, 2021 and 2020 U.K. enacted corporate income tax rate changes, which resulted in a negative tax adjustment of approximately $186 million in 2022 and positive income tax adjustments of approximately $2.0 billion and $700 million in 2021 and 2020, with corresponding adjustments of U.K. net deferred tax assets. The U.K. net deferred tax assets are primarily net operating losses (NOLs), incurred by the Corporation’s U.K. broker-dealer entity in historical periods, which do not expire under U.K. tax law and are assessed regularly for impairment. If further U.K. tax law changes are enacted, a corresponding income tax adjustment will be made based on the amount of available net deferred tax assets and applicable tax rate changes. Tax credits originate from ESG investments in affordable housing and renewable energy partnerships and similar entities. Significant increases in the tax credits recognized over the last three annual periods have been primarily driven by the Corporation’s continued growth in the volume of investments in wind and solar energy production facilities, consistent with the Corporation’s commitment to support the transition to a lower carbon economy. For additional information, see Note 6 – Securitizations and Other Variable Interest Entities . The reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below. Reconciliation of the Change in Unrecognized Tax Benefits (Dollars in millions) 2022 2021 2020 Balance, January 1 $ 1,322 $ 1,340 $ 1,175 Increases related to positions taken during the current year 121 208 238 Increases related to positions taken during prior years (1) 167 265 99 Decreases related to positions taken during prior years (1) (289) (413) (172) Settlements (99) (23) — Expiration of statute of limitations (166) (55) — Balance, December 31 $ 1,056 $ 1,322 $ 1,340 (1) The sum of the positions taken during prior years differs from the $(273) million, $(155) million and $(41) million in the Reconciliation of Income Tax Expense table due to temporary items, state items and jurisdictional offsets, as well as the inclusion of interest in the Reconciliation of Income Tax Expense table. At December 31, 2022, 2021 and 2020, the balance of the Corporation’s UTBs which would, if recognized, affect the Corporation’s effective tax rate was $709 million, $959 million and $976 million, respectively. Included in the UTB balance are some items the recognition of which would not affect the effective tax rate, such as the tax effect of certain temporary differences, the portion of gross state UTBs that would be offset by the tax benefit of the associated federal deduction and the portion of gross non-U.S. UTBs that would be offset by tax reductions in other jurisdictions. It is reasonably possible that the UTB balance may decrease by as much as $375 million during the next 12 months, since resolved items will be removed from the balance whether their resolution results in payment or recognition. The Corporation recognized an interest benefit of $50 million in 2022 and interest expense of $32 million and $9 million in 2021 and 2020. At December 31, 2022 and 2021, the Corporation’s accrual for interest and penalties that related to income taxes, net of taxes and remittances, was $107 million and $167 million. The Corporation files income tax returns in more than 100 state and non-U.S. jurisdictions each year. The IRS and other tax authorities in countries and states in which the Corporation has significant business operations examine tax returns periodically (continuously in some jurisdictions). The table below summarizes the status of examinations by major jurisdiction for the Corporation and various subsidiaries at December 31, 2022. Tax Examination Status Years under Examination (1) Status at December 31 2022 United States 2017-2021 Field Examination California 2012-2014 Appeals California 2015-2017 Field Examination California 2018-2020 To begin in 2023 New York 2019-2021 To begin in 2023 United Kingdom (2) 2019-2020 Field Examination (1) All tax years subsequent to the years shown remain subject to examination. (2) Field examination for tax year 2021 to begin in 2023. Significant components of the Corporation’s net deferred tax assets and liabilities at December 31, 2022 and 2021 are presented in the following table. Deferred Tax Assets and Liabilities December 31 (Dollars in millions) 2022 2021 Deferred tax assets Net operating loss carryforwards $ 9,029 $ 9,360 Security, loan and debt valuations 4,788 2,746 Allowance for credit losses 3,503 3,097 Lease liability 2,443 2,508 Employee compensation and retirement benefits 1,625 1,392 Accrued expenses 1,143 1,626 Available-for-sale securities 960 — Credit carryforwards 769 705 Other 1,371 1,160 Gross deferred tax assets 25,631 22,594 Valuation allowance (2,133) (1,988) Total deferred tax assets, net of valuation 23,498 20,606 Deferred tax liabilities Equipment lease financing 2,432 3,083 Right-of-use asset 2,303 2,358 ESG-related tax credit investments 1,759 1,387 Fixed Assets 1,200 2,082 Available-for-sale securities — 1,016 Other 2,459 1,527 Gross deferred tax liabilities 10,153 11,453 Net deferred tax assets $ 13,345 $ 9,153 The table below summarizes the deferred tax assets and related valuation allowances recognized for the net operating loss (NOL) and tax credit carryforwards at December 31, 2022. Net Operating Loss and Tax Credit Carryforward Deferred Tax Assets (Dollars in millions) Deferred Valuation Net First Year Net operating losses - U.K. (1) $ 7,661 $ — $ 7,661 None Net operating losses - other non-U.S. 331 (147) 184 Various Net operating losses - U.S. states (2) 1,036 (627) 409 Various Foreign tax credits 769 (769) — After 2028 (1) Represents U.K. broker-dealer net operating losses that may be carried forward indefinitely. (2) The net operating losses and related valuation allowances for U.S. states before considering the benefit of federal deductions were $1.3 billion and $794 million. Management concluded that no valuation allowance was necessary to reduce the deferred tax assets related to the U.K. NOL carryforwards and U.S. federal and certain state NOL carryforwards since estimated future taxable income will be sufficient to utilize these assets prior to their expiration. The majority of the Corporation’s U.K. net deferred tax assets, which consist primarily of NOLs, are expected to be realized by certain subsidiaries over an extended number of years. Management’s conclusion is supported by financial results, profit forecasts for the relevant entities and the indefinite period to carry forward NOLs. However, a material change in those estimates could lead management to reassess such valuation allowance conclusions. At December 31, 2022, U.S. federal income taxes had not been provided on approximately $5.0 billion of temporary differences associated with investments in non-U.S. subsidiaries that are essentially permanent in duration. If the Corporation were to record the associated deferred tax liability, the amount would be approximately $1.0 billion.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under applicable accounting standards, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Corporation determines the fair values of its financial instruments under applicable accounting standards that require an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. The Corporation categorizes its financial instruments into three levels based on the established fair value hierarchy and conducts a review of fair value hierarchy classifications on a quarterly basis. Transfers into or out of fair value hierarchy classifications are made if the significant inputs used in the financial models measuring the fair values of the assets and liabilities become unobservable or observable in the current marketplace. For more information regarding the fair value hierarchy and how the Corporation measures fair value, see Note 1 – Summary of Significant Accounting Principles . The Corporation accounts for certain financial instruments under the fair value option. For more information, see Note 21 – Fair Value Option. Valuation Techniques The following sections outline the valuation methodologies for the Corporation’s assets and liabilities. While the Corporation believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. During 2022, there were no significant changes to valuation approaches or techniques that had, or are expected to have, a material impact on the Corporation’s consolidated financial position or results of operations. Trading Account Assets and Liabilities and Debt Securities The fair values of trading account assets and liabilities are primarily based on actively traded markets where prices are based on either direct market quotes or observed transactions. The fair values of debt securities are generally based on quoted market prices or market prices for similar assets. Liquidity is a significant factor in the determination of the fair values of trading account assets and liabilities and debt securities. Market price quotes may not be readily available for some positions such as positions within a market sector where trading activity has slowed significantly or ceased. Some of these instruments are valued using a discounted cash flow model, which estimates the fair value of the securities using internal credit risk, and interest rate and prepayment risk models that incorporate management’s best estimate of current key assumptions such as default rates, loss severity and prepayment rates. Principal and interest cash flows are discounted using an observable discount rate for similar instruments with adjustments that management believes a market participant would consider in determining fair value for the specific security. Other instruments are valued using a net asset value approach which considers the value of the underlying securities. Underlying assets are valued using external pricing services, where available, or matrix pricing based on the vintages and ratings. Situations of illiquidity generally are triggered by the market’s perception of credit uncertainty regarding a single company or a specific market sector. In these instances, fair value is determined based on limited available market information and other factors, principally from reviewing the issuer’s financial statements and changes in credit ratings made by one or more rating agencies. Derivative Assets and Liabilities The fair values of derivative assets and liabilities traded in the OTC market are determined using quantitative models that utilize multiple market inputs including interest rates, prices and indices to generate continuous yield or pricing curves and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. When third-party pricing services are used, the methods and assumptions are reviewed by the Corporation. Estimation risk is greater for derivative asset and liability positions that are either option-based or have longer maturity dates where observable market inputs are less readily available, or are unobservable, in which case, quantitative-based extrapolations of rate, price or index scenarios are used in determining fair values. The fair values of derivative assets and liabilities include adjustments for market liquidity, counterparty credit quality and other instrument-specific factors, where appropriate. In addition, the Corporation incorporates within its fair value measurements of OTC derivatives a valuation adjustment to reflect the credit risk associated with the net position. Positions are netted by counterparty, and fair value for net long exposures is adjusted for counterparty credit risk while the fair value for net short exposures is adjusted for the Corporation’s own credit risk. The Corporation also incorporates FVA within its fair value measurements to include funding costs on uncollateralized derivatives and derivatives where the Corporation is not permitted to use the collateral it receives. An estimate of severity of loss is also used in the determination of fair value, primarily based on market data. Loans and Loan Commitments The fair values of loans and loan commitments are based on market prices, where available, or discounted cash flow analyses using market-based credit spreads of comparable debt instruments or credit derivatives of the specific borrower or comparable borrowers. Results of discounted cash flow analyses may be adjusted, as appropriate, to reflect other market conditions or the perceived credit risk of the borrower. Mortgage Servicing Rights The fair values of MSRs are primarily determined using an option-adjusted spread valuation approach, which factors in prepayment risk to determine the fair value of MSRs. This approach consists of projecting servicing cash flows under multiple interest rate scenarios and discounting these cash flows using risk-adjusted discount rates. Loans Held-for-sale The fair values of LHFS are based on quoted market prices, where available, or are determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans adjusted to reflect the inherent credit risk. The borrower-specific credit risk is embedded within the quoted market prices or is implied by considering loan performance when selecting comparables. Short-term Borrowings and Long-term Debt The Corporation issues structured liabilities that have coupons or repayment terms linked to the performance of debt or equity securities, interest rates, indices, currencies or commodities. The fair values of these structured liabilities are estimated using quantitative models for the combined derivative and debt portions of the notes. These models incorporate observable and, in some instances, unobservable inputs including security prices, interest rate yield curves, option volatility, currency, commodity or equity rates and correlations among these inputs. The Corporation also considers the impact of its own credit spread in determining the discount rate used to value these liabilities. The credit spread is determined by reference to observable spreads in the secondary bond market. Securities Financing Agreements The fair values of certain reverse repurchase agreements, repurchase agreements and securities borrowed transactions are determined using quantitative models, including discounted cash flow models that require the use of multiple market inputs including interest rates and spreads to generate continuous yield or pricing curves, and volatility factors. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Deposits The fair values of deposits are determined using quantitative models, including discounted cash flow models that require the use of multiple market inputs including interest rates and spreads to generate continuous yield or pricing curves, and volatility factors. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. The Corporation considers the impact of its own credit spread in the valuation of these liabilities. The credit risk is determined by reference to observable credit spreads in the secondary cash market. Asset-backed Secured Financings The fair values of asset-backed secured financings are based on external broker bids, where available, or are determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans adjusted to reflect the inherent credit risk. Recurring Fair Value Assets and liabilities carried at fair value on a recurring basis at December 31, 2022 and 2021, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. December 31, 2022 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 868 $ — $ — $ — $ 868 Federal funds sold and securities borrowed or purchased under agreements to resell — 146,999 — — 146,999 Trading account assets: U.S. Treasury and government agencies 58,894 212 — — 59,106 Corporate securities, trading loans and other — 46,897 2,384 — 49,281 Equity securities 77,868 35,065 145 — 113,078 Non-U.S. sovereign debt 7,392 26,306 518 — 34,216 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 28,563 34 — 28,597 Mortgage trading loans, ABS and other MBS — 10,312 1,518 — 11,830 Total trading account assets (2) 144,154 147,355 4,599 — 296,108 Derivative assets 14,775 380,380 3,213 (349,726) 48,642 AFS debt securities: U.S. Treasury and government agencies 158,102 920 — — 159,022 Mortgage-backed securities: Agency — 23,442 — — 23,442 Agency-collateralized mortgage obligations — 2,221 — — 2,221 Non-agency residential — 128 258 — 386 Commercial — 6,407 — — 6,407 Non-U.S. securities — 13,212 195 — 13,407 Other taxable securities — 4,645 — — 4,645 Tax-exempt securities — 11,207 51 — 11,258 Total AFS debt securities 158,102 62,182 504 — 220,788 Other debt securities carried at fair value: U.S. Treasury and government agencies 561 — — — 561 Non-agency residential MBS — 248 119 — 367 Non-U.S. and other securities 3,027 5,251 — — 8,278 Total other debt securities carried at fair value 3,588 5,499 119 — 9,206 Loans and leases — 5,518 253 — 5,771 Loans held-for-sale — 883 232 — 1,115 Other assets (3) 6,898 897 1,799 — 9,594 Total assets (4) $ 328,385 $ 749,713 $ 10,719 $ (349,726) $ 739,091 Liabilities Interest-bearing deposits in U.S. offices $ — $ 311 $ — $ — $ 311 Federal funds purchased and securities loaned or sold under agreements to repurchase — 151,708 — — 151,708 Trading account liabilities: U.S. Treasury and government agencies 13,906 181 — — 14,087 Equity securities 36,937 4,825 — — 41,762 Non-U.S. sovereign debt 9,636 8,228 — — 17,864 Corporate securities and other — 6,628 58 — 6,686 Total trading account liabilities 60,479 19,862 58 — 80,399 Derivative liabilities 15,431 376,979 6,106 (353,700) 44,816 Short-term borrowings — 818 14 — 832 Accrued expenses and other liabilities 7,458 2,262 32 — 9,752 Long-term debt — 32,208 862 — 33,070 Total liabilities (4) $ 83,368 $ 584,148 $ 7,072 $ (353,700) $ 320,888 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $16.6 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $40 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $1.0 billion, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.35 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.25 percent of total consolidated liabilities. December 31, 2021 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 707 $ — $ — $ — $ 707 Federal funds sold and securities borrowed or purchased under agreements to resell — 150,665 — — 150,665 Trading account assets: U.S. Treasury and government agencies 44,599 803 — — 45,402 Corporate securities, trading loans and other — 31,601 2,110 — 33,711 Equity securities 61,425 38,383 190 — 99,998 Non-U.S. sovereign debt 3,822 25,612 396 — 29,830 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 25,645 109 — 25,754 Mortgage trading loans, ABS and other MBS — 10,967 1,418 — 12,385 Total trading account assets (2) 109,846 133,011 4,223 — 247,080 Derivative assets 34,748 310,581 3,133 (313,118) 35,344 AFS debt securities: U.S. Treasury and government agencies 198,071 1,074 — — 199,145 Mortgage-backed securities: Agency — 46,339 — — 46,339 Agency-collateralized mortgage obligations — 3,380 — — 3,380 Non-agency residential — 267 316 — 583 Commercial — 19,604 — — 19,604 Non-U.S. securities — 11,933 — — 11,933 Other taxable securities — 2,690 71 — 2,761 Tax-exempt securities — 15,381 52 — 15,433 Total AFS debt securities 198,071 100,668 439 — 299,178 Other debt securities carried at fair value: U.S. Treasury and government agencies 575 — — — 575 Non-agency residential MBS — 343 242 — 585 Non-U.S. and other securities 2,580 5,155 — — 7,735 Total other debt securities carried at fair value 3,155 5,498 242 — 8,895 Loans and leases — 7,071 748 — 7,819 Loans held-for-sale — 4,138 317 — 4,455 Other assets (3) 7,657 2,915 1,572 — 12,144 Total assets (4) $ 354,184 $ 714,547 $ 10,674 $ (313,118) $ 766,287 Liabilities Interest-bearing deposits in U.S. offices $ — $ 408 $ — $ — $ 408 Federal funds purchased and securities loaned or sold under agreements to repurchase — 139,641 — — 139,641 Trading account liabilities: U.S. Treasury and government agencies 19,826 313 — — 20,139 Equity securities 41,744 6,491 — — 48,235 Non-U.S. sovereign debt 10,400 13,781 — — 24,181 Corporate securities and other — 8,124 11 — 8,135 Total trading account liabilities 71,970 28,709 11 — 100,690 Derivative liabilities 35,282 314,380 5,795 (317,782) 37,675 Short-term borrowings — 4,279 — — 4,279 Accrued expenses and other liabilities 8,359 3,130 — — 11,489 Long-term debt — 28,633 1,075 — 29,708 Total liabilities (4) $ 115,611 $ 519,180 $ 6,881 $ (317,782) $ 323,890 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $10.6 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $752 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $818 million, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.34 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.24 percent of total consolidated liabilities. The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2022, 2021 and 2020, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Year Ended December 31, 2022 Trading account assets: Corporate securities, trading loans and other 2,110 (52) (2) 1,069 (384) — (606) 1,023 (774) 2,384 (78) Equity securities 190 (3) — 45 (25) — (4) 38 (96) 145 (6) Non-U.S. sovereign debt 396 59 16 54 (4) — (68) 75 (10) 518 56 Mortgage trading loans, MBS and ABS 1,527 (254) — 729 (665) — (112) 536 (209) 1,552 (152) Total trading account assets 4,223 (250) 14 1,897 (1,078) — (790) 1,672 (1,089) 4,599 (180) Net derivative assets (liabilities) (4) (2,662) 551 — 319 (830) — 294 (180) (385) (2,893) 259 AFS debt securities: Non-agency residential MBS 316 — (35) — (8) — (75) 73 (13) 258 — Non-U.S. and other taxable securities 71 10 (10) 126 — — (22) 311 (291) 195 1 Tax-exempt securities 52 — 1 — — — (3) 1 — 51 — Total AFS debt securities 439 10 (44) 126 (8) — (100) 385 (304) 504 1 Other debt securities carried at fair value – Non-agency residential MBS 242 (19) — — — — (111) 30 (23) 119 14 Loans and leases (5,6) 748 (45) — — (154) 82 (129) — (249) 253 (21) Loans held-for-sale (5,6) 317 9 4 171 (6) — (271) 8 — 232 19 Other assets (6,7) 1,572 305 (21) 39 (35) 208 (271) 5 (3) 1,799 213 Trading account liabilities – Corporate securities and other (11) 5 — (4) — — (2) (46) — (58) 1 Short-term borrowings (5) — 3 — — (17) — — (3) 3 (14) 2 Accrued expenses and other liabilities (5) — (23) — (9) — — — — — (32) (7) Long-term debt (5) (1,075) (197) 82 — 14 (1) 57 (24) 282 (862) (200) Year Ended December 31, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,359 $ (17) $ — $ 765 $ (437) $ — $ (327) $ 1,218 $ (451) $ 2,110 $ (79) Equity securities 227 (18) — 103 (68) — — 112 (166) 190 (44) Non-U.S. sovereign debt 354 31 (20) 18 — — (13) 26 — 396 34 Mortgage trading loans, MBS and ABS 1,440 (58) — 518 (721) 7 (167) 771 (263) 1,527 (91) Total trading account assets 3,380 (62) (20) 1,404 (1,226) 7 (507) 2,127 (880) 4,223 (180) Net derivative assets (liabilities) (4) (3,468) 927 — 521 (653) — 293 (74) (208) (2,662) 800 AFS debt securities: Non-agency residential MBS 378 (11) (111) — (98) — (45) 304 (101) 316 8 Non-U.S. and other taxable securities 89 (4) (7) 8 (10) — (4) — (1) 71 — Tax-exempt securities 176 20 — — — — (2) — (142) 52 (19) Total AFS debt securities 643 5 (118) 8 (108) — (51) 304 (244) 439 (11) Other debt securities carried at fair value – Non-agency residential MBS 267 1 — — (45) — (37) 101 (45) 242 10 Loans and leases (5,6) 717 62 — 59 (13) 70 (180) 46 (13) 748 65 Loans held-for-sale (5,6) 236 13 (6) 132 (1) — (79) 26 (4) 317 18 Other assets (6,7) 1,970 7 3 26 (202) 144 (383) 9 (2) 1,572 3 Trading account liabilities – Corporate securities and other (16) 6 — — — (1) — — — (11) — Long-term debt (5) (1,164) (92) 13 (6) 15 (12) 98 (65) 138 (1,075) (113) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income (3) Includes unrealized gains (losses) in OCI (4) Net derivative assets (liabilities) include derivative assets of $3.2 billion and $3.1 billion and derivative liabilities of $6.1 billion and $5.8 billion at December 31, 2022 and 2021. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. Level 3 – Fair Value Measurements (1) (Dollars in millions) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) Purchases Sales Issuances Settlements Year Ended December 31, 2020 Trading account assets: Corporate securities, trading loans and other $ 1,507 $ (138) $ (1) $ 430 $ (242) $ 10 $ (282) $ 639 $ (564) $ 1,359 $ (102) Equity securities 239 (43) — 78 (53) — (3) 58 (49) 227 (31) Non-U.S. sovereign debt 482 45 (46) 76 (61) — (39) 150 (253) 354 47 Mortgage trading loans, MBS and ABS 1,553 (120) (3) 577 (746) 11 (96) 757 (493) 1,440 (92) Total trading account assets 3,781 (256) (50) 1,161 (1,102) 21 (420) 1,604 (1,359) 3,380 (178) Net derivative assets (liabilities) (4) (2,538) (235) — 120 (646) — (112) (235) 178 (3,468) (953) AFS debt securities: Non-agency residential MBS 424 (2) 3 23 (54) — (44) 158 (130) 378 (2) Non-U.S. and other taxable securities 67 1 — 9 (5) — (1) 18 — 89 1 Tax-exempt securities 108 (21) 3 — — — (169) 265 (10) 176 (20) Total AFS debt securities 599 (22) 6 32 (59) — (214) 441 (140) 643 (21) Other debt securities carried at fair value - Non-agency residential MBS 299 26 — — (180) — (24) 190 (44) 267 3 Loans and leases (5,6) 693 (4) — 145 (76) 22 (161) 98 — 717 9 Loans held-for-sale (5,6) 375 26 (28) — (489) 691 (119) 93 (313) 236 (5) Other assets (6,7) 2,360 (288) 3 178 (4) 224 (506) 5 (2) 1,970 (374) Trading account liabilities – Equity securities (2) 1 — — — — — — 1 — — Trading account liabilities – Corporate securities and other (15) 8 — (7) (3) — 1 — — (16) — Long-term debt (5) (1,149) (46) 2 (104) — (47) 218 (52) 14 (1,164) (5) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - market making and similar activities and other income related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized losses in OCI on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $41 million related to financial instruments still held at December 31, 2020. (4) Net derivative assets (liabilities) include derivative assets of $2.8 billion and derivative liabilities of $6.2 billion. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. The following tables present information about significant unobservable inputs related to the Corporation’s material categories of Level 3 financial assets and liabilities at December 31, 2022 and 2021. Quantitative Information about Level 3 Fair Value Measurements at December 31, 2022 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 852 Discounted cash flow, Market comparables Yield 0% to 25% 10 % Trading account assets – Mortgage trading loans, MBS and ABS 338 Prepayment speed 0% to 29% CPR 12% CPR Loans and leases 137 Default rate 0% to 3% CDR 1% CDR AFS debt securities – Non-agency residential 258 Price $0 to $111 $26 Other debt securities carried at fair value – Non-agency residential 119 Loss severity 0% to 100% 24 % Instruments backed by commercial real estate assets $ 362 Discounted cash Yield 0% to 25% 10 % Trading account assets – Corporate securities, trading loans and other 292 Price $0 to $100 $75 Trading account assets – Mortgage trading loans, MBS and ABS 66 Loans held-for-sale 4 Commercial loans, debt securities and other $ 4,348 Discounted cash flow, Market comparables Yield 5% to 43% 15 % Trading account assets – Corporate securities, trading loans and other 2,092 Prepayment speed 10% to 20% 15 % Trading account assets – Non-U.S. sovereign debt 518 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,148 Loss severity 35% to 40% 38 % AFS debt securities – Tax-exempt securities 51 Price $0 to $157 $75 AFS debt securities – Non-U.S. and other taxable securities 195 Loans and leases 116 Loans held-for-sale 228 Other assets, primarily auction rate securities $ 779 Discounted cash flow, Market comparables Price $10 to $97 $94 Discount rate 11 % n/a MSRs $ 1,020 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 6 years Weighted-average life, variable rate (5) 0 to 12 years 4 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (862) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 22% to 43% 23 % Equity correlation 0% to 95% 69 % Price $0 to $119 $90 Natural gas forward price $3/MMBtu to $13/MMBtu $9 /MMBtu Net derivative assets (liabilities) Credit derivatives $ (44) Discounted cash flow, Stochastic recovery correlation model Credit spreads 3 to 63 bps 22 bps Upfront points 0 to 100 points 83 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 18% to 53% 44 % Price $0 to $151 $63 Equity derivatives $ (1,534) Industry standard derivative pricing (3) Equity correlation 0% to 100% 73 % Long-dated equity volatilities 4% to 101% 44 % Commodity derivatives $ (291) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $3/MMBtu to $13/MMBtu $8 /MMBtu Power forward price $9 to $123 $43 Interest rate derivatives $ (1,024) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 89% 67 % Correlation (FX/IR) 11% to 58% 43 % Long-dated inflation rates 0% to 39% 1 % Long-dated inflation volatilities 0% to 5% 2 % Interest rate volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,893) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 150: Trading account assets – Corporate securities, trading loans and other of $2.4 billion, Trading account assets – Non-U.S. sovereign debt of $518 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.6 billion, AFS debt securities of $504 million, Other debt securities carried at fair value - Non-agency residential of $119 million, Other assets, including MSRs, of $1.8 billion, Loans and leases of $253 million and LHFS of $232 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Quantitative Information about Level 3 Fair Value Measurements at December 31, 2021 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 1,269 Discounted cash Yield 0% to 25% 6 % Trading account assets – Mortgage trading loans, MBS and ABS 338 Prepayment speed 1% to 40% CPR 19% CPR Loans and leases 373 Default rate 0% to 3% CDR 1% CDR AFS debt securities - Non-agency residential 316 Price $0 to $168 $92 Other debt securities carried at fair value - Non-agency residential 242 Loss severity 0% to 43% 13 % Instruments backed by commercial real estate assets $ 298 Discounted cash Yield 0% to 25% 4 % Trading account assets – Corporate securities, trading loans and other 138 Price $0 to $101 $57 Trading account assets – Mortgage trading loans, MBS and ABS 77 AFS debt securities – Non-U.S. and other taxable securities 71 Loans held-for-sale 12 Commercial loans, debt securities and other $ 4,212 Discounted cash flow, Market comparables Yield 0% to 19% 10 % Trading account assets – Corporate securities, trading loans and other 1,972 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 396 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,112 Loss severity 35% to 40% 37 % AFS debt securities – Tax-exempt securities 52 Price $0 to $189 $73 Loans and leases 375 Long-dated equity volatilities 45% n/a Loans held-for-sale 305 Other assets, primarily auction rate securities $ 754 Discounted cash flow, Market comparables Price $10 to $96 $91 Discount rate 9% n/a MSRs $ 818 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 4 years Weighted-average life, variable rate (5) 0 to 10 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (1,075) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 0% to 19% 18 % Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Price $0 to $125 $82 Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Net derivative assets (liabilities) Credit derivatives $ (104) Discounted cash flow, Stochastic recovery correlation model Credit spreads 7 to 155 bps 61 bps Upfront points 16 to 100 points 68 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 20% to 60% 55 % Price $0 to $120 $53 Equity derivatives $ (1,710) Industry standard derivative pricing (3) Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Commodity derivatives $ (976) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Correlation 65% to 85% 76 % Power forward price $11 to $103 $32 Volatilities 41% to 69% 63 % Interest rate derivatives $ 128 Industry standard derivative pricing (4) Correlation (IR/IR) (1)% to 90% 54 % Correlation (FX/IR) (1)% to 58% 44 % Long-dated inflation rates G (10)% to 11% 3 % Long-dated inflation volatilities 0% to 2% 2 % Interest rates volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,662) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 151: Trading account assets – Corp

Fair Value Option

Fair Value Option	12 Months Ended
Fair Value Option	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option Loans and Loan Commitments The Corporation elects to account for certain loans and loan commitments that exceed the Corporation’s single-name credit risk concentration guidelines under the fair value option. Lending commitments are actively managed and, as appropriate, credit risk for these lending relationships may be mitigated through the use of credit derivatives, with the Corporation’s public side credit view and market perspectives determining the size and timing of the hedging activity. These credit derivatives do not meet the requirements for designation as accounting hedges and are carried at fair value. The fair value option allows the Corporation to carry these loans and loan commitments at fair value, which is more consistent with management’s view of the underlying economics and the manner in which they are managed. In addition, the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the credit derivatives at fair value. Loans Held-for-sale The Corporation elects to account for residential mortgage LHFS, commercial mortgage LHFS and certain other LHFS under the fair value option. These loans are actively managed and monitored and, as appropriate, certain market risks of the loans may be mitigated through the use of derivatives. The Corporation has elected not to designate the derivatives as qualifying accounting hedges, and therefore, they are carried at fair value. The changes in fair value of the loans are largely offset by changes in the fair value of the derivatives. The fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at the lower of cost or fair value and the derivatives at fair value. The Corporation has not elected to account for certain other LHFS under the fair value option primarily because these loans are floating-rate loans that are not hedged using derivative instruments. Loans Reported as Trading Account Assets The Corporation elects to account for certain loans that are held for the purpose of trading and are risk-managed on a fair value basis under the fair value option. Other Assets The Corporation elects to account for certain long-term fixed-rate margin loans that are hedged with derivatives under the fair value option. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the derivatives at fair value. Securities Financing Agreements The Corporation elects to account for certain securities financing agreements, including resale and repurchase agreements, under the fair value option. These elections include certain agreements collateralized by the U.S. government and its agencies, which are generally short-dated and have minimal interest rate risk. Long-term Deposits The Corporation elects to account for certain long-term fixed-rate and rate-linked deposits that are hedged with derivatives that do not qualify for hedge accounting. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the derivatives at fair value. The Corporation has not elected to carry other long-term deposits at fair value because they are not hedged using derivatives. Short-term Borrowings The Corporation elects to account for certain short-term borrowings, primarily short-term structured liabilities, under the fair value option because this debt is risk-managed on a fair value basis. The Corporation also elects to account for certain asset-backed secured financings, which are also classified in short-term borrowings, under the fair value option. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the asset-backed secured financings at historical cost and the corresponding mortgage LHFS securing these financings at fair value. Long-term Debt The Corporation elects to account for certain long-term debt, primarily structured liabilities, under the fair value option. This long-term debt is either risk-managed on a fair value basis or the related hedges do not qualify for hedge accounting. Fair Value Option Elections The following tables provide information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at December 31, 2022 and 2021, and information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for 2022, 2021 and 2020. Fair Value Option Elections December 31, 2022 December 31, 2021 (Dollars in millions) Fair Value Contractual Fair Value Fair Value Contractual Fair Value Federal funds sold and securities borrowed or purchased under agreements to resell $ 146,999 $ 147,158 $ (159) $ 150,665 $ 150,677 $ (12) Loans reported as trading account assets (1) 10,143 17,682 (7,539) 10,864 18,895 (8,031) Trading inventory – other 20,770 n/a n/a 21,986 n/a n/a Consumer and commercial loans 5,771 5,897 (126) 7,819 7,888 (69) Loans held-for-sale (1) 1,115 1,873 (758) 4,455 5,343 (888) Other assets 620 n/a n/a 544 n/a n/a Long-term deposits 311 381 (70) 408 401 7 Federal funds purchased and securities loaned or sold under agreements to repurchase 151,708 151,885 (177) 139,641 139,682 (41) Short-term borrowings 832 833 (1) 4,279 4,127 152 Unfunded loan commitments 110 n/a n/a 97 n/a n/a Accrued expenses and other liabilities 1,217 1,161 56 — — — Long-term debt 33,070 36,830 (3,760) 29,708 30,903 (1,195) (1) A significant portion of the loans reported as trading account assets and LHFS are distressed loans that were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding. n/a = not applicable Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option Market making Other Total (Dollars in millions) 2022 Loans reported as trading account assets $ (164) $ — $ (164) Trading inventory – other (1) (1,159) — (1,159) Consumer and commercial loans (58) (27) (85) Loans held-for-sale (2) — (304) (304) Short-term borrowings 639 — 639 Unfunded loan commitments — 8 8 Accrued expenses and other liabilities 11 — 11 Long-term debt (3) 4,359 (46) 4,313 Other (4) 74 30 104 Total $ 3,702 $ (339) $ 3,363 2021 Loans reported as trading account assets $ 275 $ — $ 275 Trading inventory – other (1) (211) — (211) Consumer and commercial loans 78 40 118 Loans held-for-sale (2) — 58 58 Short-term borrowings 883 — 883 Long-term debt (3) (604) (41) (645) Other (4) 18 (23) (5) Total $ 439 $ 34 $ 473 2020 Loans reported as trading account assets $ 107 $ — $ 107 Trading inventory – other (1) 3,216 — 3,216 Consumer and commercial loans 22 (3) 19 Loans held-for-sale (2) — 103 103 Short-term borrowings (170) — (170) Unfunded loan commitments — (65) (65) Long-term debt (3) (2,175) (53) (2,228) Other (4) 35 (22) 13 Total $ 1,035 $ (40) $ 995 (1) The gains (losses) in market making and similar activities are primarily offset by (losses) gains on trading liabilities that hedge these assets. (2) Includes the value of IRLCs on funded loans, including those sold during the period. (3) The net gains (losses) in market making and similar activities relate to the embedded derivatives in structured liabilities and are typically offset by (losses) gains on derivatives and securities that hedge these liabilities. For the cumulative impact of changes in the Corporation’s own credit spreads and the amount recognized in accumulated OCI, see Note 14 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements. (4) Includes gains (losses) on federal funds sold and securities borrowed or purchased under agreements to resell, other assets, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase. Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option (Dollars in millions) 2022 2021 2020 Loans reported as trading account assets $ (950) $ 128 $ (172) Consumer and commercial loans (51) 7 (19) Loans held-for-sale (23) 28 (105) Unfunded loan commitments 8 (1) (65)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
Fair Value of Financial Instruments	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments are classified within the fair value hierarchy using the methodologies described in Note 20 – Fair Value Measurements . Certain loans, deposits, long-term debt, unfunded lending commitments and other financial instruments are accounted for under the fair value option. For more information, see Note 21 – Fair Value Option . The following disclosures include financial instruments that are not carried at fair value or only a portion of the ending balance is carried at fair value on the Consolidated Balance Sheet. Short-term Financial Instruments The carrying value of short-term financial instruments, including cash and cash equivalents, certain time deposits placed and other short-term investments, federal funds sold and purchased, certain resale and repurchase agreements and short-term borrowings, approximates the fair value of these instruments. These financial instruments generally expose the Corporation to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market. The Corporation accounts for certain resale and repurchase agreements under the fair value option. Under the fair value hierarchy, cash and cash equivalents are classified as Level 1. Time deposits placed and other short-term investments, such as U.S. government securities and short-term commercial paper, are classified as Level 1 or Level 2. Federal funds sold and purchased are classified as Level 2. Resale and repurchase agreements are classified as Level 2 because they are generally short-dated and/or variable-rate instruments collateralized by U.S. government or agency securities. Short-term borrowings are classified as Level 2. Fair Value of Financial Instruments The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at December 31, 2022 and 2021 are presented in the table below. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) December 31, 2022 Financial assets Loans $ 1,014,593 $ 50,194 $ 935,282 $ 985,476 Loans held-for-sale 6,871 3,417 3,455 6,872 Financial liabilities Deposits (1) 1,930,341 1,930,165 — 1,930,165 Long-term debt 275,982 271,993 1,136 273,129 Commercial unfunded lending commitments (2) 1,650 77 6,596 6,673 December 31, 2021 Financial assets Loans $ 946,142 $ 53,544 $ 919,980 $ 973,524 Loans held-for-sale 15,635 15,016 627 15,643 Financial liabilities Deposits (1) 2,064,446 2,064,438 — 2,064,438 Long-term debt 280,117 286,802 1,288 288,090 Commercial unfunded lending commitments (2) 1,554 97 6,384 6,481 (1) Includes demand deposits of $918.9 billion and $1.0 trillion with no stated maturities at December 31, 2022 and 2021. (2) The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 12 – Commitments and Contingencies .

Business Segment Information

Business Segment Information	12 Months Ended
Business Segment Information	Dec. 31, 2022
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Corporation reports its results of operations through the following four business segments: Consumer Banking , Global Wealth & Investment Management, Global Banking and Global Markets , with the remaining operations recorded in All Other . Consumer Banking Consumer Banking offers a diversified range of credit, banking and investment products and services to consumers and small businesses. Consumer Banking product offerings include traditional savings accounts, money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans to consumers and small businesses in the U.S. Consumer Banking includes the impact of servicing residential mortgages and home equity loans. Global Wealth & Investment Management GWIM provides a high-touch client experience through a network of financial advisors focused on clients with over $250,000 in total investable assets, including tailored solutions to meet clients’ needs through a full set of investment management, brokerage, banking and retirement products. GWIM also provides comprehensive wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, trust and banking needs, including specialty asset management services. Global Banking Global Banking provides a wide range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services through the Corporation’s network of offices and client relationship teams. Global Banking also provides investment banking products to clients. The economics of certain investment banking and underwriting activities are shared primarily between Global Banking and Global Markets under an internal revenue-sharing arrangement. Global Banking clients generally include middle-market companies, commercial real estate firms, not-for-profit companies, large global corporations, financial institutions, leasing clients, and mid-sized U.S.-based businesses requiring customized and integrated financial advice and solutions. Global Markets Global Markets offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity and equity businesses. Global Markets provides market-making, financing, securities clearing, settlement and custody services globally to institutional investor clients in support of their investing and trading activities. Global Markets product coverage includes securities and derivative products in both the primary and secondary markets. Global Markets also works with commercial and corporate clients to provide risk management products. As a result of market-making activities, Global Markets may be required to manage risk in a broad range of financial products. In addition, the economics of certain investment banking and underwriting activities are shared primarily between Global Markets and Global Banking under an internal revenue-sharing arrangement. All Other All Other primarily consists of ALM activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to the business segments. Basis of Presentation The management accounting and reporting process derives segment and business results by utilizing allocation methodologies for revenue and expense. The net income derived for the businesses is dependent upon revenue and cost allocations using an activity-based costing model, funds transfer pricing, and other methodologies and assumptions management believes are appropriate to reflect the results of the business. Total revenue, net of interest expense, includes net interest income on an FTE basis and noninterest income. The adjustment of net interest income to an FTE basis results in a corresponding increase in income tax expense. The segment results also reflect certain revenue and expense methodologies that are utilized to determine net income. The net interest income of the businesses includes the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics. In segments where the total of liabilities and equity exceeds assets, which are generally deposit-taking segments, the Corporation allocates assets to match liabilities. Net interest income of the business segments also includes an allocation of net interest income generated by certain of the Corporation’s ALM activities. The Corporation’s ALM activities include an overall interest rate risk management strategy that incorporates the use of various derivatives and cash instruments to manage fluctuations in earnings and capital that are caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect earnings and capital. The results of a majority of the Corporation’s ALM activities are allocated to the business segments and fluctuate based on the performance of the ALM activities. ALM activities include external product pricing decisions including deposit pricing strategies, the effects of the Corporation’s internal funds transfer pricing process and the net effects of other ALM activities. Certain expenses not directly attributable to a specific business segment are allocated to the segments. The costs of certain centralized or shared functions are allocated based on methodologies that reflect utilization. Effective October 1, 2021, a business activity previously included in the Global Markets segment is being reported as a liquidating business in All Other , consistent with a realignment in performance reporting to senior management. While this activity was not material to Global Markets’ results of operations and historical results have not been restated, this activity’s noninterest expense of $309 million and $473 million for the three months ended September 30, 2021 and June 30, 2021 was elevated and would have been excluded from Global Markets’ results of operations for those periods under the new basis of presentation. The table below presents net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for 2022, 2021 and 2020, and total assets at December 31, 2022, 2021 and 2020 for each business segment, as well as All Other. Results of Business Segments and All Other At and for the year ended December 31 Total Corporation (1) Consumer Banking (Dollars in millions) 2022 2021 2020 2022 2021 2020 Net interest income $ 52,900 $ 43,361 $ 43,859 $ 30,045 $ 24,929 $ 24,698 Noninterest income 42,488 46,179 42,168 8,590 9,076 8,564 Total revenue, net of interest expense 95,388 89,540 86,027 38,635 34,005 33,262 Provision for credit losses 2,543 (4,594) 11,320 1,980 (1,035) 5,765 Noninterest expense 61,438 59,731 55,213 20,077 19,290 18,882 Income before income taxes 31,407 34,403 19,494 16,578 15,750 8,615 Income tax expense 3,879 2,425 1,600 4,062 3,859 2,111 Net income $ 27,528 $ 31,978 $ 17,894 $ 12,516 $ 11,891 $ 6,504 Year-end total assets $ 3,051,375 $ 3,169,495 $ 1,126,453 $ 1,131,142 Global Wealth & Investment Management Global Banking 2022 2021 2020 2022 2021 2020 Net interest income $ 7,466 $ 5,664 $ 5,468 $ 12,184 $ 8,511 $ 9,013 Noninterest income 14,282 15,084 13,116 10,045 12,364 9,974 Total revenue, net of interest expense 21,748 20,748 18,584 22,229 20,875 18,987 Provision for credit losses 66 (241) 357 641 (3,201) 4,897 Noninterest expense 15,490 15,258 14,160 10,966 10,632 9,342 Income before income taxes 6,192 5,731 4,067 10,622 13,444 4,748 Income tax expense 1,517 1,404 996 2,815 3,630 1,282 Net income $ 4,675 $ 4,327 $ 3,071 $ 7,807 $ 9,814 $ 3,466 Year-end total assets $ 368,893 $ 438,275 $ 588,466 $ 638,131 Global Markets All Other 2022 2021 2020 2022 2021 2020 Net interest income $ 3,088 $ 4,011 $ 4,646 $ 117 $ 246 $ 34 Noninterest income 15,050 15,244 14,119 (5,479) (5,589) (3,605) Total revenue, net of interest expense 18,138 19,255 18,765 (5,362) (5,343) (3,571) Provision for credit losses 28 65 251 (172) (182) 50 Noninterest expense 12,420 13,032 11,417 2,485 1,519 1,412 Income (loss) before income taxes 5,690 6,158 7,097 (7,675) (6,680) (5,033) Income tax expense (benefit) 1,508 1,601 1,845 (6,023) (8,069) (4,634) Net income (loss) $ 4,182 $ 4,557 $ 5,252 $ (1,652) $ 1,389 $ (399) Year-end total assets $ 812,489 $ 747,794 $ 155,074 $ 214,153 (1) There were no material intersegment revenues. The tables below present noninterest income and the associated components for 2022, 2021 and 2020 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income . Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & (Dollars in millions) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Fees and commissions: Card income Interchange fees $ 4,096 $ 4,560 $ 3,954 $ 3,239 $ 3,597 $ 3,027 $ 20 $ 43 $ 36 Other card income 1,987 1,658 1,702 1,930 1,575 1,646 50 42 42 Total card income 6,083 6,218 5,656 5,169 5,172 4,673 70 85 78 Service charges Deposit-related fees 5,190 6,271 5,991 2,706 3,538 3,417 65 72 67 Lending-related fees 1,215 1,233 1,150 — — — 8 — — Total service charges 6,405 7,504 7,141 2,706 3,538 3,417 73 72 67 Investment and brokerage services Asset management fees 12,152 12,729 10,708 195 188 146 11,957 12,541 10,578 Brokerage fees 3,749 3,961 3,866 109 132 127 1,604 1,771 1,692 Total investment and brokerage services 15,901 16,690 14,574 304 320 273 13,561 14,312 12,270 Investment banking fees Underwriting income 1,970 5,077 4,698 — — — 189 388 391 Syndication fees 1,070 1,499 861 — — — — — — Financial advisory services 1,783 2,311 1,621 — — — — — — Total investment banking fees 4,823 8,887 7,180 — — — 189 388 391 Total fees and commissions 33,212 39,299 34,551 8,179 9,030 8,363 13,893 14,857 12,806 Market making and similar activities 12,075 8,691 8,355 10 1 2 102 40 63 Other income (loss) (2,799) (1,811) (738) 401 45 199 287 187 247 Total noninterest income $ 42,488 $ 46,179 $ 42,168 $ 8,590 $ 9,076 $ 8,564 $ 14,282 $ 15,084 $ 13,116 Global Banking Global Markets All Other (1) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Fees and commissions: Card income Interchange fees $ 767 $ 700 $ 499 $ 66 $ 220 $ 391 $ 4 $ — $ 1 Other card income 7 13 14 — — — — 28 — Total card income 774 713 513 66 220 391 4 28 1 Service charges Deposit-related fees 2,310 2,508 2,298 101 146 177 8 7 32 Lending-related fees 983 1,015 940 224 218 210 — — — Total service charges 3,293 3,523 3,238 325 364 387 8 7 32 Investment and brokerage services Asset management fees — — — — — — — — (16) Brokerage fees 42 104 74 2,002 1,979 1,973 (8) (25) — Total investment and brokerage services 42 104 74 2,002 1,979 1,973 (8) (25) (16) Investment banking fees Underwriting income 796 2,187 2,070 1,176 2,725 2,449 (191) (223) (212) Syndication fees 565 781 482 505 718 379 — — — Financial advisory services 1,643 2,139 1,458 139 173 163 1 (1) — Total investment banking fees 3,004 5,107 4,010 1,820 3,616 2,991 (190) (224) (212) Total fees and commissions 7,113 9,447 7,835 4,213 6,179 5,742 (186) (214) (195) Market making and similar activities 215 145 103 11,406 8,760 8,471 342 (255) (284) Other income (loss) 2,717 2,772 2,036 (569) 305 (94) (5,635) (5,120) (3,126) Total noninterest income $ 10,045 $ 12,364 $ 9,974 $ 15,050 $ 15,244 $ 14,119 $ (5,479) $ (5,589) $ (3,605) (1) All Other includes eliminations of intercompany transactions. Business Segment Reconciliations (Dollars in millions) 2022 2021 2020 Segments’ total revenue, net of interest expense $ 100,750 $ 94,883 $ 89,598 Adjustments (1) : Asset and liability management activities (164) (4) 375 Liquidating businesses, eliminations and other (5,198) (5,339) (3,946) FTE basis adjustment (438) (427) (499) Consolidated revenue, net of interest expense $ 94,950 $ 89,113 $ 85,528 Segments’ total net income 29,180 30,589 18,293 Adjustments, net-of-tax (1) : Asset and liability management activities (122) 11 279 Liquidating businesses, eliminations and other (1,530) 1,378 (678) Consolidated net income $ 27,528 $ 31,978 $ 17,894 December 31 2022 2021 Segments’ total assets $ 2,896,301 $ 2,955,342 Adjustments (1) : Asset and liability management activities, including securities portfolio 1,133,375 1,363,626 Elimination of segment asset allocations to match liabilities (1,041,793) (1,216,891) Other 63,492 67,418 Consolidated total assets $ 3,051,375 $ 3,169,495 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Parent Company Information

Parent Company Information	12 Months Ended
Parent Company Information	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Parent Company Information	Parent Company Information The following tables present the Parent Company-only financial information. Condensed Statement of Income (Dollars in millions) 2022 2021 2020 Income Dividends from subsidiaries: Bank holding companies and related subsidiaries $ 22,250 $ 15,621 $ 10,352 Interest from subsidiaries 12,420 8,362 8,825 Other income (loss) (201) (114) (138) Total income 34,469 23,869 19,039 Expense Interest on borrowed funds from subsidiaries 236 54 136 Other interest expense 7,041 3,383 4,119 Noninterest expense 1,322 1,531 1,651 Total expense 8,599 4,968 5,906 Income before income taxes and equity in undistributed earnings of subsidiaries 25,870 18,901 13,133 Income tax expense 683 886 649 Income before equity in undistributed earnings of subsidiaries 25,187 18,015 12,484 Equity in undistributed earnings (losses) of subsidiaries: Bank holding companies and related subsidiaries 2,333 14,078 5,372 Nonbank companies and related subsidiaries 8 (115) 38 Total equity in undistributed earnings (losses) of subsidiaries 2,341 13,963 5,410 Net income $ 27,528 $ 31,978 $ 17,894 Condensed Balance Sheet December 31 (Dollars in millions) 2022 2021 Assets Cash held at bank subsidiaries $ 9,609 $ 5,011 Securities 617 671 Receivables from subsidiaries: Bank holding companies and related subsidiaries 222,584 217,447 Banks and related subsidiaries 220 347 Nonbank companies and related subsidiaries 978 368 Investments in subsidiaries: Bank holding companies and related subsidiaries 301,207 316,497 Nonbank companies and related subsidiaries 3,770 3,645 Other assets 7,156 8,602 Total assets $ 546,141 $ 552,588 Liabilities and shareholders’ equity Accrued expenses and other liabilities $ 14,193 $ 17,394 Payables to subsidiaries: Banks and related subsidiaries 260 107 Bank holding companies and related subsidiaries 21 3 Nonbank companies and related subsidiaries 14,578 11,564 Long-term debt 243,892 253,454 Total liabilities 272,944 282,522 Shareholders’ equity 273,197 270,066 Total liabilities and shareholders’ equity $ 546,141 $ 552,588 Condensed Statement of Cash Flows (Dollars in millions) 2022 2021 2020 Operating activities Net income $ 27,528 $ 31,978 $ 17,894 Reconciliation of net income (loss) to net cash provided by (used in) operating activities: Equity in undistributed (earnings) losses of subsidiaries (2,341) (13,963) (5,410) Other operating activities, net (31,777) (7,144) 14,303 Net cash provided by (used in) operating activities (6,590) 10,871 26,787 Investing activities Net sales (purchases) of securities 25 (14) (4) Net payments to subsidiaries (6,044) (10,796) (33,111) Other investing activities, net (34) (26) (7) Net cash used in investing activities (6,053) (10,836) (33,122) Financing activities Net increase (decrease) in other advances 2,853 503 (422) Proceeds from issuance of long-term debt 44,123 56,106 43,766 Retirement of long-term debt (19,858) (24,544) (23,168) Proceeds from issuance of preferred stock and warrants 4,426 2,170 2,181 Redemption of preferred stock (654) (1,971) (1,072) Common stock repurchased (5,073) (25,126) (7,025) Cash dividends paid (8,576) (8,055) (7,727) Net cash provided by (used in) financing activities 17,241 (917) 6,533 Net increase (decrease) in cash held at bank subsidiaries 4,598 (882) 198 Cash held at bank subsidiaries at January 1 5,011 5,893 5,695 Cash held at bank subsidiaries at December 31 $ 9,609 $ 5,011 $ 5,893

Performance by Geographical Are

Performance by Geographical Area	12 Months Ended
Performance by Geographical Area	Dec. 31, 2022
Segments, Geographical Areas [Abstract]
Performance by Geographical Area	Performance by Geographical AreaThe Corporation’s operations are highly integrated with operations in both U.S. and non-U.S. markets. The non-U.S. business activities are largely conducted in Europe, the Middle East and Africa and in Asia. The Corporation identifies its geographic performance based on the business unit structure used to manage the capital or expense deployed in the region as applicable. This requires certain judgments related to the allocation of revenue so that revenue can be appropriately matched with the related capital or expense deployed in the region. Certain asset, liability, income and expense amounts have been allocated to arrive at total assets, total revenue, net of interest expense, income before income taxes and net income by geographic area as presented below. (Dollars in millions) Total Assets at Year End (1) Total Revenue, Net of Interest Expense (2) Income Before Income Taxes Net Income U.S. (3) 2022 $ 2,631,815 $ 82,890 $ 28,135 $ 25,607 2021 2,789,862 78,012 31,392 27,781 2020 75,576 18,247 16,692 Asia 2022 127,399 4,597 1,144 865 2021 117,085 4,439 988 733 2020 4,232 1,051 788 Europe, Middle East and Africa 2022 262,856 6,044 1,121 689 2021 233,356 5,423 1,097 3,134 2020 4,491 (596) 264 Latin America and the Caribbean 2022 29,305 1,419 569 367 2021 29,192 1,239 499 330 2020 1,229 293 150 Total Non-U.S. 2022 419,560 12,060 2,834 1,921 2021 379,633 11,101 2,584 4,197 2020 9,952 748 1,202 Total Consolidated 2022 $ 3,051,375 $ 94,950 $ 30,969 $ 27,528 2021 3,169,495 89,113 33,976 31,978 2020 85,528 18,995 17,894 (1) Total assets include long-lived assets, which are primarily located in the U.S. (2) There were no material intercompany revenues between geographic regions for any of the periods presented. (3) Substantially reflects the U.S.

Summary of Significant Accoun_2

Summary of Significant Accounting Principles (Policies)	12 Months Ended
Summary of Significant Accounting Principles (Policies)	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	The Consolidated Financial Statements include the accounts of the Corporation and its majority-owned subsidiaries and those variable interest entities (VIEs) where the Corporation is the primary beneficiary. Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition, and for VIEs, from the dates that the Corporation became the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the Consolidated Financial Statements. The Corporation accounts for investments in companies for which it owns a voting interest and for which it has the ability to exercise significant influence over operating and financing decisions using the equity method of accounting. These investments, which include the Corporation’s interests in affordable housing and renewable energy partnerships, are recorded in other assets. Equity method investments are subject to impairment testing, and the Corporation’s proportionate share of income or loss is included in other income.
Basis of Presentation	The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could materially differ from those estimates and assumptions. Certain prior-period amounts have been reclassified to conform to current period presentation.
Hedge Accounting	Hedge Accounting The FASB issued a new accounting standard that makes targeted improvements to the application of the fair value hedge accounting guidance for closed portfolios of financial assets. The targeted improvements were effective January 1, 2023 on a prospective basis.
Financial Instruments - Credit Losses, Allowance for Credit Losses, Nonperforming Loans and Leases, Charge-offs and Delinquencies	Financial Instruments – Credit Losses The FASB amended the accounting and disclosure requirements for expected credit losses (ECL) by removing the recognition and measurement guidance on troubled debt restructurings (TDRs) and adding disclosures on the financial effect and subsequent performance of certain types of modifications made to borrowers experiencing financial difficulties. The effects of these changes on the Corporation’s consolidated financial position, results of operations or disclosures in the Notes to the Consolidated Financial Statements are not significant. The amendments were effective on January 1, 2023, which the Corporation adopted using a modified retrospective approach. Allowance for Credit Losses On January 1, 2020, the Corporation adopted the new accounting standard that requires the measurement of the allowance for credit losses, which includes both the allowance for loan and lease losses and the reserve for unfunded lending commitments, to be based on management’s best estimate of the ECL in the Corporation’s loan and lease portfolio, excluding loans and unfunded lending commitments accounted for under the fair value option. Upon adoption, a $3.3 billion, or 32 percent, increase in the allowance for credit losses was recorded on January 1, 2020, which was comprised of a net increase of $2.9 billion in the allowance for loan and lease losses and a $310 million increase in the reserve for unfunded lending commitments. The ECL on funded consumer and commercial loans and leases is referred to as the allowance for loan and lease losses and is reported separately as a contra-asset to loans and leases on the Consolidated Balance Sheet. The ECL for unfunded lending commitments, including home equity lines of credit (HELOCs), standby letters of credit (SBLCs) and binding unfunded loan commitments is reported on the Consolidated Balance Sheet in accrued expenses and other liabilities. The provision for credit losses related to the loan and lease portfolio and unfunded lending commitments is reported in the Consolidated Statement of Income at the amount necessary to adjust the allowance for credit losses to the current estimate of ECL. For loans and leases, the ECL is typically estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open-ended products (e.g., lines of credit), the ECL is determined based on the maximum repayment term associated with future draws from credit lines unless those lines of credit are unconditionally cancellable (e.g., credit cards) in which case the Corporation does not record any allowance. In its loss forecasting framework, the Corporation incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads. As any one economic outlook is inherently uncertain, the Corporation leverages multiple scenarios. The scenarios that are chosen each quarter and the weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal and third-party economists and industry trends. The estimate of credit losses includes expected recoveries of amounts previously charged off (i.e., negative allowance). If a loan has been charged off, the expected cash flows on the loan are not limited by the current amortized cost balance. Instead, expected cash flows can be assumed up to the unpaid principal balance immediately prior to the charge-off. The allowance for loan and lease losses for TDRs is measured based on the present value of projected future lifetime principal and interest cash flows discounted at the loan’s original effective interest rate, or in cases where foreclosure is probable or the loan is collateral dependent, at the loan’s collateral value or its observable market price, if available. The measurement of ECL for the renegotiated consumer credit card TDR portfolio is based on the present value of projected cash flows discounted using the average TDR portfolio contractual interest rate, excluding promotionally priced loans, in effect prior to restructuring. Projected cash flows for TDRs use the same economic outlook as discussed above. For purposes of computing this specific loss component of the allowance, larger impaired loans are evaluated individually and smaller impaired loans are evaluated as a pool. Also included in the allowance for loan and lease losses are qualitative reserves to cover losses that are expected but, in the Corporation's assessment, may not be adequately reflected in the quantitative methods or the economic assumptions described above. For example, factors that the Corporation considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, the Corporation considers the inherent uncertainty in quantitative models that are built on historical data. With the exception of the Corporation's credit card portfolio, the Corporation does not include reserves for interest receivable in the measurement of the allowance for credit losses as the Corporation generally classifies consumer loans as nonperforming at 90 days past due and reverses interest income for these loans at that time. For credit card loans, the Corporation reserves for interest and fees as part of the allowance for loan and lease losses. Upon charge-off of a credit card loan, the Corporation reverses the interest and fee income against the income statement line item where it was originally recorded. The Corporation has identified the following three portfolio segments and measures the allowance for credit losses using the following methods. Consumer Real Estate To estimate ECL for consumer loans secured by residential real estate, the Corporation estimates the number of loans that will default over the life of the existing portfolio, after factoring in estimated prepayments, using quantitative modeling methodologies. The attributes that are most significant in estimating the Corporation’s ECL include refreshed loan-to-value (LTV) or, in the case of a subordinated lien, refreshed combined LTV (CLTV), borrower credit score, months since origination and geography, all of which are further broken down by present collection status (whether the loan is current, delinquent, in default, or in bankruptcy). The estimates are based on the Corporation’s historical experience with the loan portfolio, adjusted to reflect the economic outlook. The outlook on the unemployment rate and consumer real estate prices are key factors that impact the frequency and severity of loss estimates. The Corporation does not reserve for credit losses on the unpaid principal balance of loans insured by the Federal Housing Administration (FHA) and long-term standby loans, as these loans are fully insured. The Corporation records a reserve for unfunded lending commitments for the ECL associated with the undrawn portion of the Corporation’s HELOCs, which can only be canceled by the Corporation if certain criteria are met. The ECL associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. For loans that are more than 180 days past due and collateral-dependent TDRs, the Corporation bases the allowance on the estimated fair value of the underlying collateral as of the reporting date less costs to sell. The fair value of the collateral securing these loans is generally determined using an automated valuation model (AVM) that estimates the value of a property by reference to market data including sales of comparable properties and price trends specific to the Metropolitan Statistical Area in which the property being valued is located. In the event that an AVM value is not available, the Corporation utilizes publicized indices or if these methods provide less reliable valuations, the Corporation uses appraisals or broker price opinions to estimate the fair value of the collateral. While there is inherent imprecision in these valuations, the Corporation believes that they are representative of this portfolio in the aggregate. For loans that are more than 180 days past due and collateral-dependent TDRs, with the exception of the Corporation’s fully insured portfolio, the outstanding balance of loans that is in excess of the estimated property value after adjusting for costs to sell is charged off. If the estimated property value decreases in periods subsequent to the initial charge-off, the Corporation will record an additional charge-off; however, if the value increases in periods subsequent to the charge-off, the Corporation will adjust the allowance to account for the increase but not to a level above the cumulative charge-off amount. Credit Cards and Other Consumer Credit cards are revolving lines of credit without a defined maturity date. The estimated life of a credit card receivable is determined by estimating the amount and timing of expected future payments (e.g., borrowers making full payments, minimum payments or somewhere in between) that it will take for a receivable balance to pay off. The ECL on the future payments incorporates the spending behavior of a borrower through time using key borrower-specific factors and the economic outlook described above. The Corporation applies all expected payments in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009 (i.e., paying down the highest interest rate bucket first). Then forecasted future payments are prioritized to pay off the oldest balance until it is brought to zero or an expected charge-off amount. Unemployment rate outlook, borrower credit score, delinquency status and historical payment behavior are all key inputs into the credit card receivable loss forecasting model. Future draws on the credit card lines are excluded from the ECL as they are unconditionally cancellable. The ECL for the consumer vehicle lending portfolio is also determined using quantitative methods supplemented with qualitative analysis. The quantitative model estimates ECL giving consideration to key borrower and loan characteristics such as delinquency status, borrower credit score, LTV ratio, underlying collateral type and collateral value. Commercial The ECL on commercial loans is forecasted using models that estimate credit losses over the loan’s contractual life at an individual loan level. The models use the contractual terms to forecast future principal cash flows while also considering expected prepayments. For open-ended commitments such as revolving lines of credit, changes in funded balance are captured by forecasting a borrower’s draw and payment behavior over the remaining life of the commitment. For loans collateralized with commercial real estate and for which the underlying asset is the primary source of repayment, the loss forecasting models consider key loan and customer attributes such as LTV ratio, net operating income and debt service coverage, and captures variations in behavior according to property type and region. The outlook on the unemployment rate, gross domestic product, and forecasted real estate prices are utilized to determine indicators such as rent levels and vacancy rates, which impact the ECL estimate. For all other commercial loans and leases, the loss forecasting model determines the probabilities of transition to different credit risk ratings or default at each point over the life of the asset based on the borrower’s current credit risk rating, industry sector, size of the exposure and the geographic market. The severity of loss is determined based on the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook, and the model considers key economic variables such as unemployment rate, gross domestic product, corporate bond spreads, real estate and other asset prices and equity market returns. In addition to the allowance for loan and lease losses, the Corporation also estimates ECL related to unfunded lending commitments such as letters of credit, financial guarantees, unfunded bankers acceptances and binding loan commitments, excluding commitments accounted for under the fair value option. Reserves are estimated for the unfunded exposure using the same models and methodologies as the funded exposure and are reported as reserves for unfunded lending commitments. Nonperforming Loans and Leases, Charge-offs and Delinquencies Nonperforming loans and leases generally include loans and leases that have been placed on nonaccrual status. Loans accounted for under the fair value option and LHFS are not reported as nonperforming. When a nonaccrual loan is deemed uncollectible, it is charged off against the allowance for credit losses. If the charged-off amount is later recovered, the amount is reversed through the allowance for credit losses at the recovery date. Charge-offs are reported net of recoveries (net charge-offs). If recoveries for the period are greater than charge-offs, net charge-offs are reported as a negative amount. In accordance with the Corporation’s policies, consumer real estate-secured loans, including residential mortgages and home equity loans, are generally placed on nonaccrual status and classified as nonperforming at 90 days past due unless repayment of the loan is insured by the FHA or through individually insured long-term standby agreements with Fannie Mae (FNMA) or Freddie Mac (FHLMC) (the fully-insured portfolio). Residential mortgage loans in the fully-insured portfolio are not placed on nonaccrual status and, therefore, are not reported as nonperforming. Junior-lien home equity loans are placed on nonaccrual status and classified as nonperforming when the underlying first-lien mortgage loan becomes 90 days past due even if the junior-lien loan is current. The outstanding balance of real estate-secured loans that is in excess of the estimated property value less costs to sell is charged off no later than the end of the month in which the loan becomes 180 days past due unless the loan is fully insured, or for loans in bankruptcy, within 60 days of receipt of notification of filing, with the remaining balance classified as nonperforming. Credit card and other unsecured consumer loans are cha rged off when the loan becomes 180 days past due, within 60 days after receipt of notification of death or bankruptcy or upon confir mation of fraud. These loans continue to accrue interest until they are charged off and, therefore, are not reported as nonperforming loans. Consumer vehicle loans are placed on nonaccrual status when they become 90 days past due, within 60 days after receipt of notification of bankruptcy or death or upon confirmation of fraud. These loans are charged off to their collateral values when the loans become 120 days past due, upon repossession of the collateral, within 60 days after receipt of notification of bankruptcy or death or upon confirmation of fraud. If repossession of the collateral is not expected, the loans are fully charged off. Commercial loans and leases, excluding business card loans, that are past due 90 days or more as to principal or interest, or where reasonable doubt exists as to timely collection, including loans that are individually identified as being impaired, are generally placed on nonaccrual status and classified as nonperforming unless well-secured and in the process of collection. Business card loans are charged off in the same manner as consumer credit card loans. Other commercial loans and leases are generally charged off when all or a portion of the principal amount is determined to be uncollectible. The entire balance of a consumer loan or commercial loan or lease is contractually delinquent if the minimum payment is not received by the specified due date on the customer’s billing statement. Interest and fees continue to accrue on past due loans and leases until the date the loan is placed on nonaccrual status, if applicable. Accrued interest receivable is reversed when loans and leases are placed on nonaccrual status. Interest collections on nonaccruing loans and leases for which the ultimate collectability of principal is uncertain are applied as principal reductions; otherwise, such collections are credited to income when received. Loans and leases may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, cash segregated under federal and other brokerage regulations, and amounts due from correspondent banks, the Federal Reserve Bank and certain non-U.S. central banks. Certain cash balances are restricted as to withdrawal or usage by legally binding contractual agreements or regulatory requirements.
Securities Financing Agreements	Securities Financing Agreements Securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase (securities financing agreements) are treated as collateralized financing transactions except in instances where the transaction is required to be accounted for as individual sale and purchase transactions. Generally, these agreements are recorded at acquisition or sale price plus accrued interest. In instances where the interest is negative, the Corporation’s policy is to present negative interest on financial assets as interest income and negative interest on financial liabilities as interest expense. For securities financing agreements that are accounted for under the fair value option, the changes in the fair value of these securities financing agreements are recorded in market making and similar activities in the Consolidated Statement of Income. The Corporation’s policy is to monitor the market value of the principal amount loaned under resale agreements and obtain collateral from or return collateral pledged to counterparties when appropriate. Securities financing agreements do not create material credit risk due to these collateral provisions; therefore, an allowance for loan losses is not necessary. In transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged or sold as collateral, it recognizes an asset on the Consolidated Balance Sheet at fair value, representing the securities received, and a liability, representing the obligation to return those securities.
Trading Instruments	Trading Instruments Financial instruments utilized in trading activities are carried at fair value. Fair value is generally based on quoted market prices for the same or similar assets and liabilities. If these market prices are not available, fair values are estimated based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques where the determination of fair value may require significant management judgment or estimation. Realized gains and losses are recorded on a trade-date basis. Realized and unrealized gains and losses are recognized in market making and similar activities.
Derivatives and Hedging Activities, Trading Derivatives and Other Risk Management Activities, and Derivatives Used for Hedge Accounting Purposes (Accounting Hedges)	Derivatives and Hedging Activities Derivatives are entered into on behalf of customers, for trading or to support risk management activities. Derivatives used in risk management activities include derivatives that are both designated in qualifying accounting hedge relationships and derivatives used to hedge market risks in relationships that are not designated in qualifying accounting hedge relationships (referred to as other risk management activities). The Corporation manages interest rate and foreign currency exchange rate sensitivity predominantly through the use of derivatives. Derivatives utilized by the Corporation include swaps, futures and forward settlement contracts, and option contracts. All derivatives are recorded on the Consolidated Balance Sheet at fair value, taking into consideration the effects of legally enforceable master netting agreements that allow the Corporation to settle positive and negative positions and offset cash collateral held with the same counterparty on a net basis. For exchange-traded contracts, fair value is based on quoted market prices in active or inactive markets or is derived from observable market-based pricing parameters, similar to those applied to over-the-counter (OTC) derivatives. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. Valuations of derivative assets and liabilities reflect the value of the instrument including counterparty credit risk. These values also take into account the Corporation’s own credit standing. Trading Derivatives and Other Risk Management Activities Derivatives held for trading purposes are included in derivative assets or derivative liabilities on the Consolidated Balance Sheet with changes in fair value included in market making and similar activities. Derivatives used for other risk management activities are included in derivative assets or derivative liabilities. Derivatives used in other risk management activities have not been designated in qualifying accounting hedge relationships because they did not qualify or the risk that is being mitigated pertains to an item that is reported at fair value through earnings so that the effect of measuring the derivative instrument and the asset or liability to which the risk exposure pertains will offset in the Consolidated Statement of Income to the extent effective. The changes in the fair value of derivatives that serve to mitigate certain risks associated with mortgage servicing rights (MSRs), interest rate lock commitments (IRLCs) and first-lien mortgage loans held-for-sale (LHFS) that are originated by the Corporation are recorded in other income. Changes in the fair value of derivatives that serve to mitigate interest rate risk and foreign currency risk are included in market making and similar activities. Credit derivatives are also used by the Corporation to mitigate the risk associated with various credit exposures. The changes in the fair value of these derivatives are included in market making and similar activities and other income. Derivatives Used For Hedge Accounting Purposes (Accounting Hedges) For accounting hedges, the Corporation formally documents at inception all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategies for undertaking various accounting hedges. Additionally, the Corporation primarily uses regression analysis at the inception of a hedge and for each reporting period thereafter to assess whether the derivative used in an accounting hedge transaction is expected to be and has been highly effective in offsetting changes in the fair value or cash flows of a hedged item or forecasted transaction. The Corporation discontinues hedge accounting when it is determined that a derivative is not expected to be or has ceased to be highly effective as a hedge, and then reflects changes in fair value of the derivative in earnings after termination of the hedge relationship. Fair value hedges are used to protect against changes in the fair value of the Corporation’s assets and liabilities that are attributable to interest rate or foreign exchange volatility. Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings, together and in the same income statement line item with changes in the fair value of the related hedged item. If a derivative instrument in a fair value hedge is terminated or the hedge designation removed, the previous adjustments to the carrying value of the hedged asset or liability are subsequently accounted for in the same manner as other components of the carrying value of that asset or liability. For interest-earning assets and interest-bearing liabilities, such adjustments are amortized to earnings over the remaining life of the respective asset or liability. Cash flow hedges are used primarily to minimize the variability in cash flows of assets and liabilities or forecasted transactions caused by interest rate or foreign exchange rate fluctuations. The Corporation also uses cash flow hedges to hedge the price risk associated with deferred compensation. Changes in the fair value of derivatives used in cash flow hedges are recorded in accumulated other comprehensive income (OCI) and are reclassified into the line item in the income statement in which the hedged item is recorded in the same period the hedged item affects earnings. Components of a derivative that are excluded in assessing hedge effectiveness are recorded in the same income statement line item as the hedged item. Net investment hedges are used to manage the foreign exchange rate sensitivity arising from a net investment in a foreign operation. Changes in the spot prices of derivatives that are designated as net investment hedges of foreign operations are recorded as a component of accumulated OCI. The remaining components of these derivatives are excluded in assessing hedge effectiveness and are recorded in market making and similar activities.
Securities	Securities Debt securities are reported on the Consolidated Balance Sheet at their trade date. Their classification is dependent on the purpose for which the securities were acquired. Debt securities purchased for use in the Corporation’s trading activities are reported in trading account assets at fair value with unrealized gains and losses included in market making and similar activities. Substantially all other debt securities purchased are used in the Corporation’s asset and liability management (ALM) activities and are reported on the Consolidated Balance Sheet as either debt securities carried at fair value or as held-to-maturity (HTM) debt securities. Debt securities carried at fair value are either available-for-sale (AFS) securities with unrealized gains and losses net-of-tax included in accumulated OCI or carried at fair value with unrealized gains and losses reported in market making and similar activities. HTM debt securities are debt securities that management has the intent and ability to hold to maturity and are reported at amortized cost. The Corporation evaluates each AFS security where the value has declined below amortized cost. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For AFS debt securities the Corporation intends to hold, the Corporation evaluates the debt securities for ECL, except for debt securities that are guaranteed by the U.S. Treasury, U.S. government agencies or sovereign entities of high credit quality where the Corporation applies a zero credit loss assumption. For the remaining AFS debt securities, the Corporation considers qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an AFS debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by the Corporation to determine if a portion of the unrealized loss is a result of an ECL. The Corporation will then recognize either credit loss expense or a reversal of credit loss expense in other income for the amount necessary to adjust the debt securities valuation allowance to its current estimate of expected credit losses. Cash flows expected to be collected are estimated using all relevant information available such as remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated OCI. In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. The Corporation separately evaluates its HTM debt securities for any credit losses, of which substantially all qualify for the zero loss assumption. For the remaining securities, the Corporation performs a discounted cash flow analysis to estimate any credit losses which are then recognized as part of the allowance for credit losses. Interest on debt securities, including amortization of premiums and accretion of discounts, is included in interest income. Premiums and discounts are amortized or accreted to interest income at a constant effective yield over the contractual lives of the securities. Realized gains and losses from the sales of debt securities are determined using the specific identification method. Equity securities with readily determinable fair values that are not held for trading purposes are carried at fair value with unrealized gains and losses included in other income. Equity securities that do not have readily determinable fair values are recorded at cost less impairment, if any, plus or minus qualifying observable price changes. These securities are reported in other assets.
Loans and Leases	Loans and Leases Loans, with the exception of loans accounted for under the fair value option, are measured at historical cost and reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized deferred fees and costs on originated loans, and for purchased loans, net of any unamortized premiums or discounts. Loan origination fees and certain direct origination costs are deferred and recognized as adjustments to interest income over the lives of the related loans. Unearned income, discounts and premiums are amortized to interest income using a level yield methodology. The Corporation elects to account for certain consumer and commercial loans under the fair value option with interest reported in interest income and changes in fair value reported in market making and similar activities or other income. Under applicable accounting guidance, for reporting purposes, the loan and lease portfolio is categorized by portfolio segment and, within each portfolio segment, by class of financing receivable. A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine the allowance for credit losses, and a class of financing receivable is defined as the level of disaggregation of portfolio segments based on the initial measurement attribute, risk characteristics and methods for assessing risk. The Corporation’s three portfolio segments are Consumer Real Estate, Credit Card and Other Consumer, and Commercial. The classes within the Consumer Real Estate portfolio segment are residential mortgage and home equity. The classes within the Credit Card and Other Consumer portfolio segment are credit card, direct/indirect consumer and other consumer. The classes within the Commercial portfolio segment are U.S. commercial, non-U.S. commercial, commercial real estate, commercial lease financing and U.S. small business commercial. Leases The Corporation provides equipment financing to its customers through a variety of lessor arrangements. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased property less unearned income, which is accreted to interest income over the lease terms using methods that approximate the interest method. Operating lease income is recognized on a straight-line basis. The Corporation's lease arrangements generally do not contain non-lease components.
Troubled Debt Restructurings	Troubled Debt Restructurings Consumer and commercial loans and leases whose contractual terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties are classified as TDRs. Concessions could include a reduction in the interest rate to a rate that is below market on the loan, payment extensions, forgiveness of principal, forbearance or other actions designed to maximize collections. Loans that are carried at fair value and LHFS are not classified as TDRs. Loans and leases whose contractual terms have been modified in a TDR and are current at the time of restructuring may remain on accrual status if there is demonstrated performance prior to the restructuring and payment in full under the restructured terms is expected. Otherwise, the loans are placed on nonaccrual status and reported as nonperforming, except for fully-insured consumer real estate loans, until there is sustained repayment performance for a reasonable period, generally six months. If accruing TDRs cease to perform in accordance with their modified contractual terms, they are placed on nonaccrual status and reported as nonperforming TDRs. Secured consumer loans that have been discharged in Chapter 7 bankruptcy and have not been reaffirmed by the borrower are classified as TDRs at the time of discharge. Such loans are placed on nonaccrual status and written down to the estimated collateral value less costs to sell no later than at the time of discharge. If these loans are contractually current, interest collections are generally recorded in interest income on a cash basis. Consumer real estate-secured loans for which a binding offer to restructure has been extended are also classified as TDRs. Credit card and other unsecured consumer loans that have been renegotiated in a TDR generally remain on accrual status until the loan is either paid in full or charged off, which occurs no later than the end of the month in which the loan becomes 180 days past due or, for loans that have been placed on a fixed payment plan, 120 days past due. A loan that had previously been modified in a TDR and is subsequently refinanced under current underwriting standards at a market rate with no concessionary terms is accounted for as a new loan and is no longer reported as a TDR.
Loans Held-for-sale	Loans Held-for-sale Loans that the Corporation intends to sell in the foreseeable future, including residential mortgages, loan syndications, and to a lesser degree, commercial real estate, consumer finance and other loans, are reported as LHFS and are carried at the lower of aggregate cost or fair value. The Corporation accounts for certain LHFS, including residential mortgage LHFS, under the fair value option. Loan origination costs for LHFS carried at the lower of cost or fair value are capitalized as part of the carrying value of the loans and, upon the sale of a loan, are recognized as part of the gain or loss in noninterest income. LHFS that are on nonaccrual status and are reported as nonperforming, as defined in the policy herein, are reported separately from nonperforming loans and leases.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation and amortization are recognized using the straight-line method over the estimated useful lives of the assets. Estimated lives range up to 40 years for buildings, up to 12 years for furniture and equipment, and the shorter of lease term or estimated useful life for leasehold improvements .
Other Assets	Other Assets For the Corporation’s financial assets that are measured at amortized cost and are not included in debt securities or loans and leases on the Consolidated Balance Sheet, the Corporation evaluates these assets for ECL using various techniques. For assets that are subject to collateral maintenance provisions, including federal funds sold and securities borrowed or purchased under agreements to resell, where the collateral consists of daily margining of liquid and marketable assets where the margining is expected to be maintained into the foreseeable future, the expected losses are assumed to be zero. For all other assets, the Corporation performs qualitative analyses, including consideration of historical losses and current economic conditions, to estimate any ECL which are
Lessee Arrangements	Lessee Arrangements Substantially all of the Corporation’s lessee arrangements are operating leases. Under these arrangements, the Corporation records right-of-use assets and lease liabilities at lease commencement. Right-of-use assets are reported in other assets accrued expenses and other liabilities All leases are recorded on the Consolidated Balance Sheet except leases with an initial term less than 12 months for which the Corporation made the short-term lease election. Lease expense is recognized on a straight-line basis over the lease term and is recorded in occupancy and equipment expense in the Consolidated Statement of Income. The Corporation made an accounting policy election not to separate lease and non-lease components of a contract that is or contains a lease for its real estate and equipment leases. As such, lease payments represent payments on both lease and non-lease components. At lease commencement, lease liabilities are recognized based on the present value of the remaining lease payments and discounted using the Corporation’s incremental borrowing rate. Right-of-use assets initially equal the lease liability, adjusted for any lease payments made prior to lease commencement and for any lease incentives.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. Goodwill is not amortized but is reviewed for potential impairment on an annual basis, or when events or circumstances indicate a potential impairment, at the reporting unit level. A reporting unit is a business segment or one level below a business segment. The Corporation assesses the fair value of each reporting unit against its carrying value, including goodwill, as measured by allocated equity. For purposes of goodwill impairment testing, the Corporation utilizes allocated equity as a proxy for the carrying value of its reporting units. Allocated equity in the reporting units is comprised of allocated capital plus capital for the portion of goodwill and intangibles specifically assigned to the reporting unit. In performing its goodwill impairment testing, the Corporation first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Qualitative factors include, among other things, macroeconomic conditions, industry and market considerations, financial performance of the respective reporting unit and other relevant entity- and reporting-unit specific considerations. If the Corporation concludes it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative assessment is performed. The Corporation has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The Corporation may resume performing the qualitative assessment in any subsequent period. When performing the quantitative assessment, if the fair value of the reporting unit exceeds its carrying value, goodwill of the reporting unit would not be considered impaired. If the carrying value of the reporting unit exceeds its fair value, a goodwill impairment loss would be recognized for the amount by
Variable Interest Entities	Variable Interest Entities A VIE is an entity that lacks equity investors or whose equity investors do not have a controlling financial interest in the entity through their equity investments. The Corporation consolidates a VIE if it has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. On a quarterly basis, the Corporation reassesses its involvement with the VIE and evaluates the impact of changes in governing documents and its financial interests in the VIE. The consolidation status of the VIEs with which the Corporation is involved may change as a result of such reassessments. The Corporation primarily uses VIEs for its securitization activities, in which the Corporation transfers whole loans or debt securities into a trust or other vehicle. When the Corporation is the servicer of whole loans held in a securitization trust, including non-agency residential mortgages, home equity loans, credit cards, and other loans, the Corporation has the power to direct the most significant activities of the trust. The Corporation generally does not have the power to direct the most significant activities of a residential mortgage agency trust except in certain circumstances in which the Corporation holds substantially all of the issued securities and has the unilateral right to liquidate the trust. The power to direct the most significant activities of a commercial mortgage securitization trust is typically held by the special servicer or by the party holding specific subordinate securities which embody certain controlling rights. The Corporation consolidates a whole-loan securitization trust if it has the power to direct the most significant activities and also holds securities issued by the trust or has other contractual arrangements, other than standard representations and warranties, that could potentially be significant to the trust. The Corporation may also transfer trading account securities and AFS securities into municipal bond or resecuritization trusts. The Corporation consolidates a municipal bond or resecuritization trust if it has control over the ongoing activities of the trust such as the remarketing of the trust’s liabilities or, if there are no ongoing activities, sole discretion over the design of the trust, including the identification of securities to be transferred in and the structure of securities to be issued, and also retains securities or has liquidity or other commitments that could potentially be significant to the trust. The Corporation does not consolidate a municipal bond or resecuritization trust if one or a limited number of third-party investors share responsibility for the design of the trust or have control over the significant activities of the trust through liquidation or other substantive rights. Other VIEs used by the Corporation include collateralized debt obligations (CDOs), investment vehicles created on behalf of customers and other investment vehicles. The Corporation does not routinely serve as collateral manager for CDOs and, therefore, does not typically have the power to direct the activities that most significantly impact the economic performance of a CDO. However, following an event of default, if the Corporation is a majority holder of senior securities issued by a CDO and acquires the power to manage its assets, the Corporation consolidates the CDO. The Corporation consolidates a customer or other investment vehicle if it has control over the initial design of the vehicle or manages the assets in the vehicle and also absorbs potentially significant gains or losses through an investment in the vehicle, derivative contracts or other arrangements. The Corporation does not consolidate an investment vehicle if a single investor controlled the initial design of the vehicle or manages the assets in the vehicles or if the Corporation does not have a variable interest that could potentially be significant to the vehicle. Retained interests in securitized assets are initially recorded at fair value. In addition, the Corporation may invest in debt securities issued by unconsolidated VIEs. Fair values of these debt securities, which are classified as trading account assets, debt securities carried at fair value or HTM securities, are based primarily on quoted market prices in active or inactive markets. Generally, quoted market prices for retained residual interests are not available; therefore, the Corporation estimates fair values based on the present value of the associated expected future cash flows.
Fair Value	Fair Value The Corporation measures the fair values of its assets and liabilities, where applicable, in accordance with accounting guidance that requires an entity to base fair value on exit price. Under this guidance, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs in measuring fair value. Under applicable accounting standards, fair value measurements are categorized into one of three levels based on the inputs to the valuation technique with the highest priority given to unadjusted quoted prices in active markets and the lowest priority given to unobservable inputs. The Corporation categorizes its fair value measurements of financial instruments based on this three-level hierarchy. Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury securities that are highly liquid and are actively traded in OTC markets. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts where fair value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes U.S. government and agency mortgage-backed (MBS) and asset-backed securities (ABS), corporate debt securities, derivative contracts, certain loans and LHFS. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the overall fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments for which the determination of fair value requires significant management judgment or estimation. The fair value for such assets and liabilities is generally determined using pricing models, discounted cash flow methodologies or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability. This category generally includes retained residual interests in securitizations, consumer MSRs, certain ABS, highly structured, complex or long-dated derivative contracts, certain loans and LHFS, IRLCs and certain CDOs where independent pricing information cannot be obtained for a significant portion of the underlying assets.
Income Taxes	Income Taxes There are two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences in the bases of assets and liabilities as measured by tax laws and their bases as reported in the financial statements. Deferred tax assets are also recognized for tax attributes such as net operating loss carryforwards and tax credit carryforwards. Valuation allowances are recorded to reduce deferred tax assets to the amounts management concludes are more likely than not to be realized. Income tax benefits are recognized and measured based upon a two-step model: first, a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized, and second, the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. The Corporation records income tax-related interest and penalties, if applicable, within income tax expense.
Revenue Recognition	Revenue Recognition The following summarizes the Corporation’s revenue recognition accounting policies for certain noninterest income activities. Card Income Card income includes annual, late and over-limit fees as well as interchange, cash advances and other miscellaneous items from credit and debit card transactions and from processing card transactions for merchants. Card income is presented net of direct costs. Interchange fees are recognized upon settlement of the credit and debit card payment transactions and are generally determined on a percentage basis for credit cards and fixed rates for debit cards based on the corresponding payment network’s rates. Substantially all card fees are recognized at the transaction date, except for certain time-based fees such as annual fees, which are recognized over 12 months. Fees charged to cardholders and merchants that are estimated to be uncollectible are reserved in the allowance for loan and lease losses. Included in direct cost are rewards and credit card partner payments. Rewards paid to cardholders are related to points earned by the cardholder that can be redeemed for a broad range of rewards including cash, travel and gift cards. The points to be redeemed are estimated based on past redemption behavior, card product type, account transaction activity and other historical card performance. The liability is reduced as the points are redeemed. The Corporation also makes payments to credit card partners. The payments are based on revenue-sharing agreements that are generally driven by cardholder transactions and partner sales volumes. As part of the revenue-sharing agreements, the credit card partner provides the Corporation exclusive rights to market to the credit card partner’s members or customers on behalf of the Corporation. Service Charges Service charges include deposit and lending-related fees. Deposit-related fees consist of fees earned on consumer and commercial deposit activities and are generally recognized when the transactions occur or as the service is performed. Consumer fees are earned on consumer deposit accounts for account maintenance and various transaction-based services, such as ATM transactions, wire transfer activities, check and money order processing and insufficient funds/overdraft transactions. Commercial deposit-related fees are from the Corporation’s Global Transaction Services business and consist of commercial deposit and treasury management services, including account maintenance and other services, such as payroll, sweep account and other cash management services. Lending-related fees generally represent transactional fees earned from certain loan commitments, financial guarantees and SBLCs. Investment and Brokerage Services Investment and brokerage services consist of asset management and brokerage fees. Asset management fees are earned from the management of client assets under advisory agreements or the full discretion of the Corporation’s financial advisors (collectively referred to as assets under management (AUM)). Asset management fees are earned as a percentage of the client’s AUM and generally range from 50 basis points (bps) to 150 bps of the AUM. In cases where a third party is used to obtain a client’s investment allocation, the fee remitted to the third party is recorded net and is not reflected in the transaction price, as the Corporation is an agent for those services. Brokerage fees include income earned from transaction-based services that are performed as part of investment management services and are based on a fixed price per unit or as a percentage of the total transaction amount. Brokerage fees also include distribution fees and sales commissions that are primarily in the Global Wealth & Investment Management (GWIM) segment and are earned over time. In addition, primarily in the Global Markets segment, brokerage fees are earned when the Corporation fills customer orders to buy or sell various financial products or when it acknowledges, affirms, settles and clears transactions and/or submits trade information to the appropriate clearing broker. Certain customers pay brokerage, clearing and/or exchange fees imposed by relevant regulatory bodies or exchanges in order to execute or clear trades. These fees are recorded net and are not reflected in the transaction price, as the Corporation is an agent for those services. Investment Banking Income Investment banking income includes underwriting income and financial advisory services income. Underwriting consists of fees earned for the placement of a customer’s debt or equity securities. The revenue is generally earned based on a percentage of the fixed number of shares or principal placed. Once the number of shares or notes is determined and the service is completed, the underwriting fees are recognized. The Corporation incurs certain out-of-pocket expenses, such as legal costs, in performing these services. These expenses are recovered through the revenue the Corporation earns from the customer and are included in operating expenses. Syndication fees represent fees earned as the agent or lead lender responsible for structuring, arranging and administering a loan syndication. Financial advisory services consist of fees earned for assisting clients with transactions related to mergers and acquisitions and financial restructurings. Revenue varies depending on the size of the transaction and scope of services performed and is generally contingent on successful completion of the transaction. Revenue is typically recognized once the transaction is completed and all services have been rendered. Additionally, the Corporation may earn a fixed fee in merger and acquisition transactions to provide a fairness opinion, with the fees recognized when the opinion is delivered to the client. Other Revenue Measurement and Recognition Policies The Corporation did not disclose the value of any open performance obligations at December 31, 2022, as its contracts with customers generally have a fixed term that is less than one year, an open term with a cancellation period that is less than one year, or provisions that allow the Corporation to recognize revenue at the amount it has the right to invoice.
Earnings Per Common Share	Earnings Per Common Share Earnings per common share (EPS) is computed by dividing net income allocated to common shareholders by the weighted-average common shares outstanding, excluding unvested
Foreign Currency Translation	Foreign Currency Translation Assets, liabilities and operations of foreign branches and subsidiaries are recorded based on the functional currency of each entity. When the functional currency of a foreign operation is the local currency, the assets, liabilities and operations are translated, for consolidation purposes, from the local currency to the U.S. dollar reporting currency at period-end rates for assets and liabilities and generally at average rates for results of operations. The resulting unrealized gains and losses are reported as a component of accumulated OCI, net-of-tax. When the foreign entity’s functional currency is the U.S. dollar, the resulting remeasurement gains or losses on foreign currency-denominated assets or liabilities are included in earnings.

Net Interest Income and Nonin_2

Net Interest Income and Noninterest Income (Tables)	12 Months Ended
Net Interest Income and Noninterest Income (Tables)	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for 2022, 2021 and 2020. For more information, see Note 1 – Summary of Significant Accounting Principles. For a disaggregation of noninterest income by business segment and All Other , see Note 23 – Business Segment Information . (Dollars in millions) 2022 2021 2020 Net interest income Interest income Loans and leases $ 37,919 $ 29,282 $ 34,029 Debt securities 17,127 12,376 9,790 Federal funds sold and securities borrowed or purchased under agreements to resell (1) 4,560 (90) 903 Trading account assets 5,521 3,770 4,128 Other interest income 7,438 2,334 2,735 Total interest income 72,565 47,672 51,585 Interest expense Deposits 4,718 537 1,943 Short-term borrowings (1) 6,978 (358) 987 Trading account liabilities 1,538 1,128 974 Long-term debt 6,869 3,431 4,321 Total interest expense 20,103 4,738 8,225 Net interest income $ 52,462 $ 42,934 $ 43,360 Noninterest income Fees and commissions Card income Interchange fees (2) $ 4,096 $ 4,560 $ 3,954 Other card income 1,987 1,658 1,702 Total card income 6,083 6,218 5,656 Service charges Deposit-related fees 5,190 6,271 5,991 Lending-related fees 1,215 1,233 1,150 Total service charges 6,405 7,504 7,141 Investment and brokerage services Asset management fees 12,152 12,729 10,708 Brokerage fees 3,749 3,961 3,866 Total investment and brokerage services 15,901 16,690 14,574 Investment banking fees Underwriting income 1,970 5,077 4,698 Syndication fees 1,070 1,499 861 Financial advisory services 1,783 2,311 1,621 Total investment banking fees 4,823 8,887 7,180 Total fees and commissions 33,212 39,299 34,551 Market making and similar activities 12,075 8,691 8,355 Other income (loss) (2,799) (1,811) (738) Total noninterest income $ 42,488 $ 46,179 $ 42,168 (1) For more information on negative interest, see Note 1 – Summary of Significant Accounting Principles.

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
Derivatives (Tables)	Dec. 31, 2022
Derivative [Line Items]
Schedule of Derivative Instruments	The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at December 31, 2022 and 2021. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by cash collateral received or paid. December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 18,285.9 $ 138.2 $ 20.7 $ 158.9 $ 120.3 $ 36.7 $ 157.0 Futures and forwards 2,796.3 8.6 — 8.6 7.8 — 7.8 Written options (2) 1,657.9 — — — 41.4 — 41.4 Purchased options (3) 1,594.7 42.4 — 42.4 — — — Foreign exchange contracts Swaps 1,509.0 44.0 0.3 44.3 43.3 0.4 43.7 Spot, futures and forwards 4,159.3 59.9 0.1 60.0 62.1 0.6 62.7 Written options (2) 392.2 — — — 8.1 — 8.1 Purchased options (3) 362.6 8.3 — 8.3 — — — Equity contracts Swaps 394.0 10.8 — 10.8 12.2 — 12.2 Futures and forwards 114.6 3.3 — 3.3 1.0 — 1.0 Written options (2) 746.8 — — — 45.0 — 45.0 Purchased options (3) 671.6 40.9 — 40.9 — — — Commodity contracts Swaps 56.0 5.1 — 5.1 5.3 — 5.3 Futures and forwards 157.3 3.0 — 3.0 2.3 0.8 3.1 Written options (2) 59.5 — — — 3.3 — 3.3 Purchased options (3) 61.8 3.6 — 3.6 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 319.9 2.8 — 2.8 1.6 — 1.6 Total return swaps/options 71.5 0.7 — 0.7 3.0 — 3.0 Written credit derivatives: Credit default swaps 295.2 1.2 — 1.2 2.4 — 2.4 Total return swaps/options 85.3 4.4 — 4.4 0.9 — 0.9 Gross derivative assets/liabilities $ 377.2 $ 21.1 $ 398.3 $ 360.0 $ 38.5 $ 398.5 Less: Legally enforceable master netting agreements (315.9) (315.9) Less: Cash collateral received/paid (33.8) (37.8) Total derivative assets/liabilities $ 48.6 $ 44.8 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of the option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of the option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $(1.2) billion and $276.9 billion at December 31, 2022. December 31, 2021 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 18,068.1 $ 150.5 $ 8.9 $ 159.4 $ 156.4 $ 4.4 $ 160.8 Futures and forwards 2,243.2 1.1 — 1.1 1.0 — 1.0 Written options (2) 1,616.1 — — — 28.8 — 28.8 Purchased options (3) 1,673.6 33.1 — 33.1 — — — Foreign exchange contracts Swaps 1,420.9 28.6 0.2 28.8 30.5 0.2 30.7 Spot, futures and forwards 4,087.2 37.1 0.3 37.4 37.7 0.2 37.9 Written options (2) 287.2 — — — 4.1 — 4.1 Purchased options (3) 267.6 4.1 — 4.1 — — — Equity contracts Swaps 443.8 12.3 — 12.3 14.5 — 14.5 Futures and forwards 113.3 0.5 — 0.5 1.7 — 1.7 Written options (2) 737.7 — — — 58.5 — 58.5 Purchased options (3) 657.0 55.9 — 55.9 — — — Commodity contracts Swaps 47.7 3.1 — 3.1 6.0 — 6.0 Futures and forwards 101.5 2.3 — 2.3 0.3 1.1 1.4 Written options (2) 44.4 — — — 2.6 — 2.6 Purchased options (3) 38.3 3.2 — 3.2 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 297.0 1.9 — 1.9 4.3 — 4.3 Total return swaps/options 85.3 0.2 — 0.2 1.1 — 1.1 Written credit derivatives: Credit default swaps 279.8 4.2 — 4.2 1.6 — 1.6 Total return swaps/options 85.3 0.9 — 0.9 0.5 — 0.5 Gross derivative assets/liabilities $ 339.0 $ 9.4 $ 348.4 $ 349.6 $ 5.9 $ 355.5 Less: Legally enforceable master netting agreements (282.3) (282.3) Less: Cash collateral received/paid (30.8) (35.5) Total derivative assets/liabilities $ 35.3 $ 37.7 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of the option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of the option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $2.3 billion and $258.4 billion at December 31, 2021.
Gains and Losses on Derivatives Designated as Fair Value Hedges	The table below summarizes information related to fair value hedges for 2022, 2021 and 2020. Gains and Losses on Derivatives Designated as Fair Value Hedges Derivative Hedged Item (Dollars in millions) 2022 2021 2020 2022 2021 2020 Interest rate risk on long-term debt (1) $ (26,654) $ (7,018) $ 7,091 $ 26,825 $ 6,838 $ (7,220) Interest rate and foreign currency risk on long-term debt (2) (120) (90) 783 119 79 (783) Interest rate risk on available-for-sale securities (3) 21,991 5,203 (44) (22,280) (5,167) 49 Price risk on commodity inventory (4) 674 — — (674) — — Total $ (4,109) $ (1,905) $ 7,830 $ 3,990 $ 1,750 $ (7,954) (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) For 2022, 2021 and 2020, the derivative amount includes gains (losses) of $(37) million, $(73) million and $701 million in interest expense, $(81) million, $0 and $73 million in market making and similar activities, and $(2) million, $(17) million and $9 million in accumulated OCI, respectively. Line item totals are in the Consolidated Statement of Income and on the Consolidated Balance Sheet. (3) Amounts are recorded in interest income in the Consolidated Statement of Income. (4) Amounts are recorded in market making and similar activities in the Consolidated Statement of Income.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below summarizes the carrying value of hedged assets and liabilities that are designated and qualifying in fair value hedging relationships along with the cumulative amount of fair value hedging adjustments included in the carrying value that have been recorded in the current hedging relationships. These fair value hedging adjustments are open basis adjustments that are not subject to amortization as long as the hedging relationship remains designated. Designated Fair Value Hedged Assets and Liabilities December 31, 2022 December 31, 2021 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt (2) $ 187,402 $ (21,372) $ 181,745 $ 3,987 Available-for-sale debt securities (2, 3, 4) 167,518 (18,190) 209,038 (2,294) Trading account assets (5) 16,119 146 2,067 32 (1) Increase (decrease) to carrying value. (2) At December 31, 2022 and 2021, the cumulative fair value adjustments remaining on long-term debt and available-for-sale debt securities from discontinued hedging relationships resulted in an increase of $137 million and $1.5 billion in the related liability and a decrease in the related asset of $4.9 billion and $1.0 billion, which are being amortized over the remaining contractual life of the de-designated hedged items. (3) These amounts include the amortized cost of the prepayable financial assets used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship (i.e. last-of-layer hedging relationship). At December 31, 2022 and 2021, the amortized cost of the closed portfolios used in these hedging relationships was $21.4 billion and $21.1 billion, of which $9.2 billion and $6.9 billion was designated in the last-of-layer hedging relationship. At December 31, 2022 and 2021, the cumulative adjustment associated with these hedging relationships was a decrease of $451 million and $172 million. (4) Carrying value represents amortized cost. (5) Represents hedging activities related to certain commodities inventory.
Cash Flow and Net Investment Hedges	The table below summarizes certain information related to cash flow hedges and net investment hedges for 2022, 2021 and 2020. Of the $11.9 billion after-tax net loss ($15.9 billion pretax) on derivatives in accumulated OCI at December 31, 2022, losses of $4.4 billion after-tax ($5.9 billion pretax) related to both open and terminated cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net losses reclassified into earnings are expected to primarily decrease net interest income related to the respective hedged items. For open cash flow hedges, the maximum length of time over which forecasted transactions are hedged is approximately seven years. For terminated cash flow hedges, the time period over which the forecasted transactions will be recognized in interest income is approximately five years, with the aggregated amount beyond this time period being insignificant. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Recognized in Gains (Losses) in Income (Dollars in millions, amounts pretax) 2022 2021 2020 2022 2021 2020 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ (13,492) $ (2,686) $ 763 $ (338) $ 148 $ (7) Price risk on forecasted MBS purchases (1) (129) (249) 241 11 26 9 Price risk on certain compensation plans (2) (88) 93 85 29 55 12 Total $ (13,709) $ (2,842) $ 1,089 $ (298) $ 229 $ 14 Net investment hedges Foreign exchange risk (3) $ 1,710 $ 1,451 $ (834) $ 3 $ 23 $ 4 (1) Amounts reclassified from accumulated OCI are recorded in interest income in the Consolidated Statement of Income. (2) Amounts reclassified from accumulated OCI are recorded in compensation and benefits expense in the Consolidated Statement of Income. (3) Amounts reclassified from accumulated OCI are recorded in other income in the Consolidated Statement of Income. Amounts excluded from effectiveness testing and recognized in market making and similar activities were losses of $38 million, $123 million and $11 million in 2022, 2021 and 2020, respectively.
Other Risk Management Derivatives	The table below presents gains (losses) on these derivatives for 2022, 2021 and 2020. These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives (Dollars in millions) 2022 2021 2020 Interest rate risk on mortgage activities (1, 2) $ (326) $ (18) $ 611 Credit risk on loans (2) (37) (25) (68) Interest rate and foreign currency risk on asset and liability management activities (3) 4,713 1,757 (2,971) Price risk on certain compensation plans (4) (1,073) 917 700 (1) Includes hedges of interest rate risk on MSRs and IRLCs to originate mortgage loans that will be held for sale. (2) Gains (losses) on these derivatives are recorded in other income. (3) Gains (losses) on these derivatives are recorded in market making and similar activities. (4) Gains (losses) on these derivatives are recorded in compensation and benefits expense.
Schedule of Derivative Instruments Included in Trading Activities	The table below, which includes both derivatives and non-derivative cash instruments, identifies the amounts in the respective income statement line items attributable to the Corporation’s sales and trading revenue in Global Markets , categorized by primary risk, for 2022, 2021 and 2020. This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 23 – Business Segment Information are presented on a fully taxable-equivalent (FTE) basis. The table below is not presented on an FTE basis. Sales and Trading Revenue Market making and similar activities Net Interest Other (1) Total (Dollars in millions) 2022 Interest rate risk $ 1,919 $ 1,619 $ 392 $ 3,930 Foreign exchange risk 1,981 46 (44) 1,983 Equity risk 6,077 (1,288) 1,757 6,546 Credit risk 592 2,228 177 2,997 Other risk (2) 835 (171) 15 679 Total sales and trading revenue $ 11,404 $ 2,434 $ 2,297 $ 16,135 2021 Interest rate risk $ 523 $ 1,794 $ 217 $ 2,534 Foreign exchange risk 1,505 (80) 14 1,439 Equity risk 4,581 (5) 1,834 6,410 Credit risk 1,390 1,684 556 3,630 Other risk (2) 759 (128) 124 755 Total sales and trading revenue $ 8,758 $ 3,265 $ 2,745 $ 14,768 2020 Interest rate risk $ 2,236 $ 2,279 $ 229 $ 4,744 Foreign exchange risk 1,486 (19) 2 1,469 Equity risk 3,656 (77) 1,801 5,380 Credit risk 783 1,758 331 2,872 Other risk (2) 308 4 44 356 Total sales and trading revenue $ 8,469 $ 3,945 $ 2,407 $ 14,821 (1) Represents amounts in investment and brokerage services and other income that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $2.0 billion, $1.9 billion and $1.9 billion in 2022, 2021 and 2020, respectively. (2) Includes commodity risk.
Disclosure of Credit Derivatives	Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at December 31, 2022 and 2021 are summarized in the table below. Credit Derivative Instruments Less than One to Three to Over Five Total December 31, 2022 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ 2 $ 25 $ 133 $ 34 $ 194 Non-investment grade 120 516 870 697 2,203 Total 122 541 1,003 731 2,397 Total return swaps/options: Investment grade 55 336 — — 391 Non-investment grade 332 9 132 10 483 Total 387 345 132 10 874 Total credit derivatives $ 509 $ 886 $ 1,135 $ 741 $ 3,271 Credit-related notes: Investment grade $ — $ — $ 19 $ 1,017 $ 1,036 Non-investment grade — 7 6 1,035 1,048 Total credit-related notes $ — $ 7 $ 25 $ 2,052 $ 2,084 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,670 $ 66,170 $ 93,237 $ 18,677 $ 212,754 Non-investment grade 15,229 29,629 30,891 6,662 82,411 Total 49,899 95,799 124,128 25,339 295,165 Total return swaps/options: Investment grade 38,722 10,407 — — 49,129 Non-investment grade 32,764 500 2,054 897 36,215 Total 71,486 10,907 2,054 897 85,344 Total credit derivatives $ 121,385 $ 106,706 $ 126,182 $ 26,236 $ 380,509 December 31, 2021 Carrying Value Credit default swaps: Investment grade $ — $ 5 $ 79 $ 49 $ 133 Non-investment grade 34 250 453 769 1,506 Total 34 255 532 818 1,639 Total return swaps/options: Investment grade 35 388 — — 423 Non-investment grade 105 — 16 — 121 Total 140 388 16 — 544 Total credit derivatives $ 174 $ 643 $ 548 $ 818 $ 2,183 Credit-related notes: Investment grade $ — $ — $ 36 $ 412 $ 448 Non-investment grade 5 — 9 1,334 1,348 Total credit-related notes $ 5 $ — $ 45 $ 1,746 $ 1,796 Maximum Payout/Notional Credit default swaps: Investment grade $ 34,503 $ 66,334 $ 73,444 $ 17,844 $ 192,125 Non-investment grade 16,119 29,233 34,356 7,961 87,669 Total 50,622 95,567 107,800 25,805 279,794 Total return swaps/options: Investment grade 49,626 11,494 78 — 61,198 Non-investment grade 22,621 717 642 73 24,053 Total 72,247 12,211 720 73 85,251 Total credit derivatives $ 122,869 $ 107,778 $ 108,520 $ 25,878 $ 365,045
Additional Collateral Required to be Posted Upon Downgrade	The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at December 31, 2022 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries' long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 230 $ 913 Bank of America, N.A. and subsidiaries (1) 66 668 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 92 $ 1,073 Collateral posted 77 300 (1) Included in Bank of America Corporation collateral requirements in this table.
Derivative Liability Subject to Unilateral Termination Upon Downgrade	The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at December 31, 2022 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries' long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 230 $ 913 Bank of America, N.A. and subsidiaries (1) 66 668 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 92 $ 1,073 Collateral posted 77 300 (1) Included in Bank of America Corporation collateral requirements in this table.
Valuation Adjustments on Derivatives	The table below presents credit valuation adjustment (CVA), DVA and FVA gains (losses) on derivatives (excluding the effect of any related hedge activities), which are recorded in market making and similar activities, for 2022, 2021 and 2020. CVA gains reduce the cumulative CVA thereby increasing the derivative assets balance. DVA gains increase the cumulative DVA thereby decreasing the derivative liabilities balance. CVA and DVA losses have the opposite impact. FVA gains related to derivative assets reduce the cumulative FVA thereby increasing the derivative assets balance. FVA gains related to derivative liabilities increase the cumulative FVA thereby decreasing the derivative liabilities balance. FVA losses have the opposite impact. Valuation Adjustments Gains (Losses) on Derivatives (1) (Dollars in millions) 2022 2021 2020 Derivative assets (CVA) $ (80) $ 208 $ (118) Derivative assets/liabilities (FVA) 125 (2) (24) Derivative liabilities (DVA) 194 3 24 (1) At December 31, 2022, 2021 and 2020, cumulative CVA reduced the derivative assets balance by $518 million, $438 million and $646 million, cumulative FVA reduced the net derivative balance by $54 million, $179 million and $177 million, and cumulative DVA reduced the derivative liabilities balance by $506 million, $312 million and $309 million, respectively.
Derivative
Derivative [Line Items]
Offsetting Assets	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at December 31, 2022 and 2021 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements, which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) December 31, 2022 December 31, 2021 Interest rate contracts Over-the-counter $ 138.4 $ 132.3 $ 171.3 $ 166.3 Exchange-traded 0.4 0.1 0.2 — Over-the-counter cleared 71.4 71.1 22.6 22.5 Foreign exchange contracts Over-the-counter 109.7 110.6 67.9 70.5 Over-the-counter cleared 1.3 1.2 1.1 1.1 Equity contracts Over-the-counter 21.5 22.6 29.2 32.9 Exchange-traded 33.0 33.8 38.3 38.4 Commodity contracts Over-the-counter 8.3 9.3 6.1 7.6 Exchange-traded 2.4 1.9 1.4 1.3 Over-the-counter cleared 0.3 0.3 0.1 0.1 Credit derivatives Over-the-counter 8.9 7.5 5.2 5.3 Over-the-counter cleared — — 1.8 1.8 Total gross derivative assets/liabilities, before netting Over-the-counter 286.8 282.3 279.7 282.6 Exchange-traded 35.8 35.8 39.9 39.7 Over-the-counter cleared 73.0 72.6 25.6 25.5 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (243.8) (248.2) (250.3) (254.6) Exchange-traded (33.5) (33.5) (37.8) (37.8) Over-the-counter cleared (72.4) (72.0) (25.0) (25.4) Derivative assets/liabilities, after netting 45.9 37.0 32.1 30.0 Other gross derivative assets/liabilities (2) 2.7 7.8 3.2 7.7 Total derivative assets/liabilities 48.6 44.8 35.3 37.7 Less: Financial instruments collateral (3) (18.5) (7.4) (11.8) (10.6) Total net derivative assets/liabilities $ 30.1 $ 37.4 $ 23.5 $ 27.1 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities.
Offsetting Liabilities	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at December 31, 2022 and 2021 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements, which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) December 31, 2022 December 31, 2021 Interest rate contracts Over-the-counter $ 138.4 $ 132.3 $ 171.3 $ 166.3 Exchange-traded 0.4 0.1 0.2 — Over-the-counter cleared 71.4 71.1 22.6 22.5 Foreign exchange contracts Over-the-counter 109.7 110.6 67.9 70.5 Over-the-counter cleared 1.3 1.2 1.1 1.1 Equity contracts Over-the-counter 21.5 22.6 29.2 32.9 Exchange-traded 33.0 33.8 38.3 38.4 Commodity contracts Over-the-counter 8.3 9.3 6.1 7.6 Exchange-traded 2.4 1.9 1.4 1.3 Over-the-counter cleared 0.3 0.3 0.1 0.1 Credit derivatives Over-the-counter 8.9 7.5 5.2 5.3 Over-the-counter cleared — — 1.8 1.8 Total gross derivative assets/liabilities, before netting Over-the-counter 286.8 282.3 279.7 282.6 Exchange-traded 35.8 35.8 39.9 39.7 Over-the-counter cleared 73.0 72.6 25.6 25.5 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (243.8) (248.2) (250.3) (254.6) Exchange-traded (33.5) (33.5) (37.8) (37.8) Over-the-counter cleared (72.4) (72.0) (25.0) (25.4) Derivative assets/liabilities, after netting 45.9 37.0 32.1 30.0 Other gross derivative assets/liabilities (2) 2.7 7.8 3.2 7.7 Total derivative assets/liabilities 48.6 44.8 35.3 37.7 Less: Financial instruments collateral (3) (18.5) (7.4) (11.8) (10.6) Total net derivative assets/liabilities $ 30.1 $ 37.4 $ 23.5 $ 27.1 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities.

Securities (Tables)

Securities (Tables)	12 Months Ended
Securities (Tables)	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	The table below presents the amortized cost, gross unrealized gains and losses, and fair value of AFS debt securities, other debt securities carried at fair value and HTM debt securities at December 31, 2022 and 2021. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) December 31, 2022 December 31, 2021 Available-for-sale debt securities Mortgage-backed securities: Agency $ 25,204 $ 5 $ (1,767) $ 23,442 $ 45,268 $ 1,257 $ (186) $ 46,339 Agency-collateralized mortgage obligations 2,452 — (231) 2,221 3,331 74 (25) 3,380 Commercial 6,894 28 (515) 6,407 19,036 647 (79) 19,604 Non-agency residential (1) 461 15 (90) 386 591 25 (33) 583 Total mortgage-backed securities 35,011 48 (2,603) 32,456 68,226 2,003 (323) 69,906 U.S. Treasury and government agencies 160,773 18 (1,769) 159,022 197,853 1,610 (318) 199,145 Non-U.S. securities 13,455 4 (52) 13,407 11,933 — — 11,933 Other taxable securities 4,728 1 (84) 4,645 2,725 39 (3) 2,761 Tax-exempt securities 11,518 19 (279) 11,258 15,155 317 (39) 15,433 Total available-for-sale debt securities 225,485 90 (4,787) 220,788 295,892 3,969 (683) 299,178 Other debt securities carried at fair value (2) 8,986 376 (156) 9,206 8,873 105 (83) 8,895 Total debt securities carried at fair value 234,471 466 (4,943) 229,994 304,765 4,074 (766) 308,073 Held-to-maturity debt securities Agency mortgage-backed securities 503,233 — (87,319) 415,914 553,721 3,855 (10,366) 547,210 U.S. Treasury and government agencies 121,597 — (20,259) 101,338 111,859 254 (2,395) 109,718 Other taxable securities 8,033 — (1,018) 7,015 9,011 147 (196) 8,962 Total held-to-maturity debt securities 632,863 — (108,596) 524,267 674,591 4,256 (12,957) 665,890 Total debt securities (3,4) $ 867,334 $ 466 $ (113,539) $ 754,261 $ 979,356 $ 8,330 $ (13,723) $ 973,963 (1) At December 31, 2022 and 2021, the underlying collateral type included approximately 17 percent and 21 percent prime and 83 percent and 79 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 20 – Fair Value Measurements . (3) Includes securities pledged as collateral of $104.5 billion and $111.9 billion at December 31, 2022 and 2021. (4) The Corporation held debt securities from FNMA and FHLMC that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $290.5 billion and $176.7 billion, and a fair value of $239.6 billion and $144.6 billion at December 31, 2022, and an amortized cost of $345.3 billion and $205.3 billion, and a fair value of $342.5 billion and $202.4 billion at December 31, 2021.
Gross Realized Gains (Losses) on Sales of Available For Sale Debt	The gross realized gains and losses on sales of AFS debt securities for 2022, 2021 and 2020 are presented in the table below. Gains and Losses on Sales of AFS Debt Securities (Dollars in millions) 2022 2021 2020 Gross gains $ 1,251 $ 49 $ 423 Gross losses (1,219) (27) (12) Net gains on sales of AFS debt securities $ 32 $ 22 $ 411 Income tax expense attributable to realized net gains on sales of AFS debt securities $ 8 $ 5 $ 103
Amortized Cost and Fair Value of Corporations Investment	The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at December 31, 2022 and 2021. Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Gross Fair Gross Fair Gross (Dollars in millions) December 31, 2022 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 18,759 $ (1,118) $ 4,437 $ (649) $ 23,196 $ (1,767) Agency-collateralized mortgage obligations 1,165 (96) 1,022 (135) 2,187 (231) Commercial 3,273 (150) 2,258 (365) 5,531 (515) Non-agency residential 264 (65) 97 (25) 361 (90) Total mortgage-backed securities 23,461 (1,429) 7,814 (1,174) 31,275 (2,603) U.S. Treasury and government agencies 36,730 (308) 118,636 (1,461) 155,366 (1,769) Non-U.S. securities 9,399 (34) 756 (18) 10,155 (52) Other taxable securities 2,036 (16) 1,580 (68) 3,616 (84) Tax-exempt securities 607 (28) 2,849 (251) 3,456 (279) Total AFS debt securities in a continuous $ 72,233 $ (1,815) $ 131,635 $ (2,972) $ 203,868 $ (4,787) December 31, 2021 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 11,733 $ (166) $ 815 $ (20) $ 12,548 $ (186) Agency-collateralized mortgage obligations 1,427 (22) 122 (3) 1,549 (25) Commercial 3,451 (41) 776 (38) 4,227 (79) Non-agency residential 241 (13) 174 (20) 415 (33) Total mortgage-backed securities 16,852 (242) 1,887 (81) 18,739 (323) U.S. Treasury and government agencies 103,307 (272) 4,850 (46) 108,157 (318) Other taxable securities — — 82 (3) 82 (3) Tax-exempt securities 502 (16) 109 (23) 611 (39) Total AFS debt securities in a continuous $ 120,661 $ (530) $ 6,928 $ (153) $ 127,589 $ (683)
Expected Maturity Distribution	The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at December 31, 2022 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the MBS or other ABS are passed through to the Corporation. Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities Due in One Due after One Year Due after Five Years Due after Total (Dollars in millions) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amortized cost of debt securities carried at fair value Mortgage-backed securities: Agency $ — — % $ 3 5.67 % $ 56 4.39 % $ 25,145 3.37 % $ 25,204 3.37 % Agency-collateralized mortgage obligations — — 10 2.60 — — 2,442 2.89 2,452 2.89 Commercial 22 2.09 670 3.07 4,591 2.03 1,624 2.31 6,907 2.20 Non-agency residential — — — — — — 825 9.54 825 9.54 Total mortgage-backed securities 22 2.09 683 3.08 4,647 2.06 30,036 3.44 35,388 3.25 U.S. Treasury and government agencies 3,306 1.59 79,618 1.68 78,378 1.64 32 3.38 161,334 1.66 Non-U.S. securities 17,499 2.41 3,002 4.58 723 3.93 279 6.87 21,503 2.82 Other taxable securities 2,034 4.77 2,102 4.85 455 3.46 137 3.35 4,728 4.64 Tax-exempt securities 890 3.36 4,765 3.55 2,022 3.73 3,841 3.88 11,518 3.68 Total amortized cost of debt securities carried at fair value $ 23,751 2.53 $ 90,170 1.96 $ 86,225 1.74 $ 34,325 3.52 $ 234,471 2.16 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 14 2.64 % $ 503,219 2.13 % $ 503,233 2.13 % U.S. Treasury and government agencies — — 4,544 1.80 117,053 1.37 — — 121,597 1.39 Other taxable securities 38 9.06 1,251 2.23 313 3.00 6,431 2.45 8,033 2.47 Total amortized cost of HTM debt securities $ 38 9.06 $ 5,795 1.89 $ 117,380 1.37 $ 509,650 2.13 $ 632,863 1.99 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 3 $ 56 $ 23,383 $ 23,442 Agency-collateralized mortgage obligations — 10 — 2,211 2,221 Commercial 22 650 4,342 1,404 6,418 Non-agency residential — 2 — 751 753 Total mortgage-backed securities 22 665 4,398 27,749 32,834 U.S. Treasury and government agencies 3,312 79,013 77,228 30 159,583 Non-U.S. securities 17,709 2,960 723 279 21,671 Other taxable securities 2,028 2,085 413 122 4,648 Tax-exempt securities 887 4,729 1,997 3,645 11,258 Total debt securities carried at fair value $ 23,958 $ 89,452 $ 84,759 $ 31,825 $ 229,994 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 13 $ 415,901 $ 415,914 U.S. Treasury and government agencies — 4,164 97,174 — 101,338 Other taxable securities 38 1,170 295 5,512 7,015 Total fair value of HTM debt securities $ 38 $ 5,334 $ 97,482 $ 421,413 $ 524,267 (1) The weighted-average yield is computed based on a constant effective interest rate over the contractual life of each security. The average yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related hedging derivatives.

Outstanding Loans and Leases _2

Outstanding Loans and Leases and Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Loans and Leases Outstanding	The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at December 31, 2022 and 2021. 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total (Dollars in millions) December 31, 2022 Consumer real estate Residential mortgage $ 1,077 $ 245 $ 945 $ 2,267 $ 227,403 $ 229,670 Home equity 88 32 211 331 26,232 26,563 Credit card and other consumer Credit card 466 322 717 1,505 91,916 93,421 Direct/Indirect consumer (2) 204 59 45 308 105,928 106,236 Other consumer — — — — 156 156 Total consumer 1,835 658 1,918 4,411 451,635 456,046 Consumer loans accounted for under the fair value option (3) $ 339 339 Total consumer loans and leases 1,835 658 1,918 4,411 451,635 339 456,385 Commercial U.S. commercial 827 288 330 1,445 357,036 358,481 Non-U.S. commercial 317 59 144 520 123,959 124,479 Commercial real estate (4) 409 81 77 567 69,199 69,766 Commercial lease financing 49 9 11 69 13,575 13,644 U.S. small business commercial (5) 107 63 356 526 17,034 17,560 Total commercial 1,709 500 918 3,127 580,803 583,930 Commercial loans accounted for under the fair value option (3) 5,432 5,432 Total commercial loans and leases 1,709 500 918 3,127 580,803 5,432 589,362 Total loans and leases (6) $ 3,544 $ 1,158 $ 2,836 $ 7,538 $ 1,032,438 $ 5,771 $ 1,045,747 Percentage of outstandings 0.34 % 0.11 % 0.27 % 0.72 % 98.73 % 0.55 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $184 million and nonperforming loans of $155 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $75 million and nonperforming loans of $88 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $368 million and nonperforming loans of $788 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $27 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $51.8 billion, U.S. securities-based lending loans of $50.4 billion and non-U.S. consumer loans of $3.0 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $71 million and home equity loans of $268 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.5 billion. For more information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $64.9 billion and non-U.S. commercial real estate loans of $4.8 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $18.5 billion. The Corporation also pledged $163.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. 30-59 Days (1) 60-89 Days Past Due (1) 90 Days or (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total Outstandings (Dollars in millions) December 31, 2021 Consumer real estate Residential mortgage $ 1,005 $ 297 $ 1,571 $ 2,873 $ 219,090 $ 221,963 Home equity 123 69 369 561 27,374 27,935 Credit card and other consumer Credit card 298 212 487 997 80,441 81,438 Direct/Indirect consumer (2) 147 52 18 217 103,343 103,560 Other consumer — — — — 190 190 Total consumer 1,573 630 2,445 4,648 430,438 435,086 Consumer loans accounted for under the fair value option (3) $ 618 618 Total consumer loans and leases 1,573 630 2,445 4,648 430,438 618 435,704 Commercial U.S. commercial 815 308 396 1,519 324,417 325,936 Non-U.S. commercial 148 20 83 251 113,015 113,266 Commercial real estate (4) 115 34 285 434 62,575 63,009 Commercial lease financing 104 28 13 145 14,680 14,825 U.S. small business commercial (5) 129 259 89 477 18,706 19,183 Total commercial 1,311 649 866 2,826 533,393 536,219 Commercial loans accounted for under the fair value option (3) 7,201 7,201 Total commercial loans and leases 1,311 649 866 2,826 533,393 7,201 543,420 Total loans and leases (6) $ 2,884 $ 1,279 $ 3,311 $ 7,474 $ 963,831 $ 7,819 $ 979,124 Percentage of outstandings 0.29 % 0.13 % 0.34 % 0.76 % 98.44 % 0.80 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $164 million and nonperforming loans of $118 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $89 million and nonperforming loans of $100 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $633 million and nonperforming loans of $1.3 billion. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $55 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $48.5 billion, U.S. securities-based lending loans of $51.1 billion and non-U.S. consumer loans of $3.0 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $279 million and home equity loans of $339 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.6 billion and non-U.S. commercial loans of $2.6 billion. For more information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $58.2 billion and non-U.S. commercial real estate loans of $4.8 billion. (5) Includes Paycheck Protection Program loans. (6) Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $146.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
Schedule of Financing Receivables, Non Accrual Status	The following table presents the Corporation’s nonperforming loans and leases, including nonperforming TDRs, and loans accruing past due 90 days or more at December 31, 2022 and 2021. Nonperforming LHFS are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles. Credit Quality Nonperforming Loans Accruing Past Due December 31 (Dollars in millions) 2022 2021 2022 2021 Residential mortgage (1) $ 2,167 $ 2,284 $ 368 $ 634 With no related allowance (2) 1,973 1,950 — — Home equity (1) 510 630 — — With no related allowance (2) 393 414 — — Credit Card n/a n/a 717 487 Direct/indirect consumer 77 75 2 11 Total consumer 2,754 2,989 1,087 1,132 U.S. commercial 553 825 190 171 Non-U.S. commercial 212 268 25 19 Commercial real estate 271 382 46 40 Commercial lease financing 4 80 8 8 U.S. small business commercial 14 23 355 87 Total commercial 1,054 1,578 624 325 Total nonperforming loans $ 3,808 $ 4,567 $ 1,711 $ 1,457 Percentage of outstanding loans and leases 0.37 % 0.47 % 0.16 % 0.15 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At December 31, 2022 and 2021 residential mortgage included $260 million and $444 million of loans on which interest had been curtailed by the FHA, and therefore were no longer accruing interest, although principal was still insured, and $108 million and $190 million of loans on which interest was still accruing. (2) Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date.
Financing Receivable Credit Quality Indicators	The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2022. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 215,713 $ 39,625 $ 81,437 $ 37,228 $ 18,980 $ 5,734 $ 32,709 Greater than 90 percent but less than or equal to 100 percent 1,615 950 530 93 15 8 19 Greater than 100 percent 648 374 169 43 15 8 39 Fully-insured loans 11,694 580 3,667 3,102 949 156 3,240 Total Residential Mortgage $ 229,670 $ 41,529 $ 85,803 $ 40,466 $ 19,959 $ 5,906 $ 36,007 Residential Mortgage Refreshed FICO score Less than 620 $ 2,156 $ 377 $ 518 $ 373 $ 124 $ 84 $ 680 Greater than or equal to 620 and less than 680 4,978 1,011 1,382 840 329 233 1,183 Greater than or equal to 680 and less than 740 25,444 5,411 8,290 4,369 2,187 830 4,357 Greater than or equal to 740 185,398 34,150 71,946 31,782 16,370 4,603 26,547 Fully-insured loans 11,694 580 3,667 3,102 949 156 3,240 Total Residential Mortgage $ 229,670 $ 41,529 $ 85,803 $ 40,466 $ 19,959 $ 5,906 $ 36,007 Gross charge-offs $ 161 $ — $ 6 $ 5 $ 6 $ 1 $ 143 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2022 Home Equity Refreshed LTV Less than or equal to 90 percent $ 26,395 $ 1,304 $ 19,960 $ 5,131 Greater than 90 percent but less than or equal to 100 percent 62 20 24 18 Greater than 100 percent 106 37 35 34 Total Home Equity $ 26,563 $ 1,361 $ 20,019 $ 5,183 Home Equity Refreshed FICO score Less than 620 $ 683 $ 166 $ 189 $ 328 Greater than or equal to 620 and less than 680 1,190 152 507 531 Greater than or equal to 680 and less than 740 4,321 312 2,747 1,262 Greater than or equal to 740 20,369 731 16,576 3,062 Total Home Equity $ 26,563 $ 1,361 $ 20,019 $ 5,183 Gross charge-offs $ 45 $ 5 $ 24 $ 16 (1) Includes reverse mortgages of $937 million and home equity loans of $424 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/ Revolving Loans 2022 2021 2020 2019 2018 Prior Total Credit Card as of December 31, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 847 $ 12 $ 237 $ 301 $ 113 $ 84 $ 43 $ 57 $ 4,056 $ 3,866 $ 190 Greater than or equal to 620 and less than 680 2,521 12 1,108 816 269 150 69 97 10,994 10,805 189 Greater than or equal to 680 and less than 740 8,895 52 4,091 2,730 992 520 214 296 32,186 32,017 169 Greater than or equal to 740 39,679 83 16,663 11,392 5,630 2,992 1,236 1,683 46,185 46,142 43 Other internal credit metrics (2,3) 54,294 53,404 259 305 70 57 40 159 — — — Total credit card and other $ 106,236 $ 53,563 $ 22,358 $ 15,544 $ 7,074 $ 3,803 $ 1,602 $ 2,292 $ 93,421 $ 92,830 $ 591 Gross charge-offs $ 232 $ 7 $ 31 $ 79 $ 34 $ 27 $ 14 $ 40 $ 1,985 $ 1,909 $ 76 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $53.4 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2022. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of 2022 2021 2020 2019 2018 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 348,447 $ 61,200 $ 39,717 $ 18,609 $ 16,566 $ 8,749 $ 30,282 $ 173,324 Reservable criticized 10,034 278 794 697 884 1,202 856 5,323 Total U.S. Commercial $ 358,481 $ 61,478 $ 40,511 $ 19,306 $ 17,450 $ 9,951 $ 31,138 $ 178,647 Gross charge-offs $ 151 $ 2 $ 24 $ 24 $ 9 $ 6 $ 13 $ 73 Non-U.S. Commercial Risk ratings Pass rated $ 121,890 $ 24,839 $ 19,098 $ 5,183 $ 3,882 $ 2,423 $ 4,697 $ 61,768 Reservable criticized 2,589 45 395 331 325 98 475 920 Total Non-U.S. Commercial $ 124,479 $ 24,884 $ 19,493 $ 5,514 $ 4,207 $ 2,521 $ 5,172 $ 62,688 Gross charge-offs $ 41 $ — $ 3 $ 1 $ — $ 37 $ — $ — Commercial Real Estate Risk ratings Pass rated $ 64,619 $ 15,290 $ 13,089 $ 5,756 $ 9,013 $ 4,384 $ 8,606 $ 8,481 Reservable criticized 5,147 11 837 545 1,501 1,151 1,017 85 Total Commercial Real Estate $ 69,766 $ 15,301 $ 13,926 $ 6,301 $ 10,514 $ 5,535 $ 9,623 $ 8,566 Gross charge-offs $ 75 $ — $ — $ 6 $ — $ 26 $ 43 $ — Commercial Lease Financing Risk ratings Pass rated $ 13,404 $ 3,255 $ 2,757 $ 1,955 $ 1,578 $ 1,301 $ 2,558 $ — Reservable criticized 240 9 35 12 71 50 63 — Total Commercial Lease Financing $ 13,644 $ 3,264 $ 2,792 $ 1,967 $ 1,649 $ 1,351 $ 2,621 $ — Gross charge-offs $ 8 $ — $ 4 $ — $ 4 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 8,726 $ 1,825 $ 1,953 $ 1,408 $ 864 $ 624 $ 1,925 $ 127 Reservable criticized 329 11 35 48 76 51 105 3 Total U.S. Small Business Commercial $ 9,055 $ 1,836 $ 1,988 $ 1,456 $ 940 $ 675 $ 2,030 $ 130 Gross charge-offs $ 31 $ — $ 1 $ 11 $ 4 $ 1 $ 6 $ 8 Total $ 575,425 $ 106,763 $ 78,710 $ 34,544 $ 34,760 $ 20,033 $ 50,584 $ 250,031 Total gross charge-offs $ 306 $ 2 $ 32 $ 42 $ 17 $ 70 $ 62 $ 81 (1) Excludes $5.4 billion of loans accounted for under the fair value option at December 31, 2022. (2) Excludes U.S. Small Business Card loans of $8.5 billion. Refreshed FICO scores for this portfolio are $297 million for less than 620; $859 million for greater than or equal to 620 and less than 680; $2.4 billion for greater than or equal to 680 and less than 740; and $5.0 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $172 million. The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2021. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2021 2020 2019 2018 2017 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 206,562 $ 87,051 $ 43,597 $ 23,205 $ 7,392 $ 10,956 $ 34,361 Greater than 90 percent but less than or equal to 100 percent 1,938 1,401 331 81 17 14 94 Greater than 100 percent 759 520 112 29 11 12 75 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Residential Mortgage Refreshed FICO score Less than 620 $ 2,451 $ 636 $ 442 $ 140 $ 120 $ 104 $ 1,009 Greater than or equal to 620 and less than 680 5,199 1,511 1,123 477 294 307 1,487 Greater than or equal to 680 and less than 740 24,532 8,822 5,454 2,785 1,057 1,434 4,980 Greater than or equal to 740 177,077 78,003 37,021 19,913 5,949 9,137 27,054 Fully-insured loans 12,704 3,845 3,486 1,150 216 235 3,772 Total Residential Mortgage $ 221,963 $ 92,817 $ 47,526 $ 24,465 $ 7,636 $ 11,217 $ 38,302 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2021 Home Equity Refreshed LTV Less than or equal to 90 percent $ 27,594 $ 1,773 $ 19,095 $ 6,726 Greater than 90 percent but less than or equal to 100 percent 130 55 34 41 Greater than 100 percent 211 85 54 72 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 Home Equity Refreshed FICO score Less than 620 $ 893 $ 244 $ 209 $ 440 Greater than or equal to 620 and less than 680 1,434 222 495 717 Greater than or equal to 680 and less than 740 4,625 468 2,493 1,664 Greater than or equal to 740 20,983 979 15,986 4,018 Total Home Equity $ 27,935 $ 1,913 $ 19,183 $ 6,839 (1) Includes reverse mortgages of $1.3 billion and home equity loans of $582 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of December 31, 2021 Revolving Loans 2021 2020 2019 2018 2017 Prior Total Credit Card as of December 31, 2021 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 685 $ 13 $ 179 $ 115 $ 129 $ 79 $ 101 $ 69 $ 3,017 $ 2,857 $ 160 Greater than or equal to 620 and less than 680 2,313 14 1,170 414 313 148 134 120 9,264 9,064 200 Greater than or equal to 680 and less than 740 8,530 60 4,552 1,659 1,126 466 314 353 28,347 28,155 192 Greater than or equal to 740 37,164 94 15,876 8,642 6,465 2,679 1,573 1,835 40,810 40,762 48 Other internal credit metrics (2, 3) 54,868 54,173 283 53 77 75 63 144 — — — Total credit card and other $ 103,560 $ 54,354 $ 22,060 $ 10,883 $ 8,110 $ 3,447 $ 2,185 $ 2,521 $ 81,438 $ 80,838 $ 600 (1) Represents TDRs that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $54.2 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2021. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 315,618 $ 55,862 $ 25,012 $ 23,373 $ 11,439 $ 10,426 $ 23,877 $ 165,629 Reservable criticized 10,318 598 687 1,308 1,615 514 1,072 4,524 Total U.S. Commercial $ 325,936 $ 56,460 $ 25,699 $ 24,681 $ 13,054 $ 10,940 $ 24,949 $ 170,153 Non-U.S. Commercial Risk ratings Pass rated $ 110,787 $ 25,749 $ 8,703 $ 7,133 $ 4,521 $ 3,016 $ 3,062 $ 58,603 Reservable criticized 2,479 223 324 487 275 257 216 697 Total Non-U.S. Commercial $ 113,266 $ 25,972 $ 9,027 $ 7,620 $ 4,796 $ 3,273 $ 3,278 $ 59,300 Commercial Real Estate Risk ratings Pass rated $ 55,511 $ 14,402 $ 7,244 $ 11,237 $ 5,710 $ 3,326 $ 6,831 $ 6,761 Reservable criticized 7,498 277 990 2,237 1,710 596 1,464 224 Total Commercial Real Estate $ 63,009 $ 14,679 $ 8,234 $ 13,474 $ 7,420 $ 3,922 $ 8,295 $ 6,985 Commercial Lease Financing Risk ratings Pass rated $ 14,438 $ 3,280 $ 2,485 $ 2,427 $ 2,030 $ 1,741 $ 2,475 $ — Reservable criticized 387 25 18 91 67 48 138 — Total Commercial Lease Financing $ 14,825 $ 3,305 $ 2,503 $ 2,518 $ 2,097 $ 1,789 $ 2,613 $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,618 $ 4,257 $ 2,922 $ 1,059 $ 763 $ 623 $ 1,853 $ 141 Reservable criticized 433 12 29 91 87 64 147 3 Total U.S. Small Business Commercial $ 12,051 $ 4,269 $ 2,951 $ 1,150 $ 850 $ 687 $ 2,000 $ 144 Total $ 529,087 $ 104,685 $ 48,414 $ 49,443 $ 28,217 $ 20,611 $ 41,135 $ 236,582 (1) Excludes $7.2 billion of loans accounted for under the fair value option at December 31, 2021. (2) Excludes U.S. Small Business Card loans of $7.1 billion. Refreshed FICO scores for this portfolio are $192 million for less than 620; $618 million for greater than or equal to 620 and less than 680; $1.9 billion for greater than or equal to 680 and less than 740; and $4.4 billion greater than or equal to 740.
Troubled Debt Restructurings on Financing Receivables	The table below presents the December 31, 2022, 2021 and 2020 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during 2022, 2021 and 2020. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Consumer Real Estate – TDRs Entered into During 2022, 2021 and 2020 Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) (Dollars in millions) December 31, 2022 Residential mortgage $ 1,144 $ 1,015 3.52 % 3.40 % Home equity 238 191 4.61 4.65 Total $ 1,382 $ 1,206 3.71 3.62 December 31, 2021 Residential mortgage $ 891 $ 788 3.48 % 3.38 % Home equity 107 77 3.60 3.59 Total $ 998 $ 865 3.49 3.41 December 31, 2020 Residential mortgage $ 732 $ 646 3.66 % 3.59 % Home equity 87 69 3.67 3.61 Total $ 819 $ 715 3.66 3.59 (1) The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period. The table below presents the December 31, 2022, 2021 and 2020 carrying value for consumer real estate loans that were modified in a TDR during 2022, 2021 and 2020, by type of modification. Consumer Real Estate – Modification Programs TDRs Entered into During (Dollars in millions) 2022 2021 2020 Modifications under government programs $ 2 $ 4 $ 13 Modifications under proprietary programs 1,100 774 570 Loans discharged in Chapter 7 bankruptcy (1) 14 33 53 Trial modifications 90 54 79 Total modifications $ 1,206 $ 865 $ 715 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The following table presents the carrying value of consumer real estate loans that entered into payment default during 2022, 2021 and 2020 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification. Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months (Dollars in millions) 2022 2021 2020 Modifications under government programs $ — $ 4 $ 16 Modifications under proprietary programs 189 128 51 Loans discharged in Chapter 7 bankruptcy (1) 2 9 19 Trial modifications (2) 25 19 54 Total modifications $ 216 $ 160 $ 140 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (2) Includes trial modification offers to which the customer did not respond. Credit Card and Other Consumer – TDRs Entered into During 2022, 2021 and 2020 Unpaid Principal Balance Carrying (1) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) December 31, 2022 Credit card $ 284 $ 293 22.34 % 3.89 % Direct/Indirect consumer 6 5 5.51 5.50 Total $ 290 $ 298 22.06 3.92 December 31, 2021 Credit card $ 237 $ 248 18.45 % 4.09 % Direct/Indirect consumer 23 16 5.88 5.88 Total $ 260 $ 264 17.68 4.20 December 31, 2020 Credit card $ 269 $ 277 18.16 % 5.63 % Direct/Indirect consumer 52 37 5.83 5.83 Total $ 321 $ 314 16.70 5.65 (1) Includes accrued interest and fees. The table below presents the December 31, 2022, 2021 and 2020 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during 2022, 2021 and 2020 by program type. Credit Card and Other Consumer – TDRs by Program Type at December 31 (1) (Dollars in millions) 2022 2021 2020 Internal programs $ 251 $ 214 $ 225 External programs 44 44 73 Other 3 6 16 Total $ 298 $ 264 $ 314 (1) Includes accrued interest and fees.
Changes in the Allowance for Credit Losses	The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the table below. Consumer Credit Card and Commercial Total (Dollars in millions) 2022 Allowance for loan and lease losses, January 1 $ 557 $ 6,476 $ 5,354 $ 12,387 Loans and leases charged off (206) (2,755) (478) (3,439) Recoveries of loans and leases previously charged off 224 882 161 1,267 Net charge-offs 18 (1,873) (317) (2,172) Provision for loan and lease losses (164) 2,215 409 2,460 Other 9 (1) (1) 7 Allowance for loan and lease losses, December 31 420 6,817 5,445 12,682 Reserve for unfunded lending commitments, January 1 96 — 1,360 1,456 Provision for unfunded lending commitments (3) — 86 83 Other 1 — — 1 Reserve for unfunded lending commitments, December 31 94 — 1,446 1,540 Allowance for credit losses, December 31 $ 514 $ 6,817 $ 6,891 $ 14,222 2021 Allowance for loan and lease losses, January 1 $ 858 $ 9,213 $ 8,731 $ 18,802 Loans and leases charged off (78) (3,000) (719) (3,797) Recoveries of loans and leases previously charged off 225 1,006 323 1,554 Net charge-offs 147 (1,994) (396) (2,243) Provision for loan and lease losses (449) (744) (2,980) (4,173) Other 1 1 (1) 1 Allowance for loan and lease losses, December 31 557 6,476 5,354 12,387 Reserve for unfunded lending commitments, January 1 137 — 1,741 1,878 Provision for unfunded lending commitments (41) — (380) (421) Other — — (1) (1) Reserve for unfunded lending commitments, December 31 96 — 1,360 1,456 Allowance for credit losses, December 31 $ 653 $ 6,476 $ 6,714 $ 13,843 2020 Allowance for loan and lease losses, January 1 $ 440 $ 7,430 $ 4,488 $ 12,358 Loans and leases charged off (98) (3,646) (1,675) (5,419) Recoveries of loans and leases previously charged off 201 891 206 1,298 Net charge-offs 103 (2,755) (1,469) (4,121) Provision for loan and lease losses 307 4,538 5,720 10,565 Other 8 — (8) — Allowance for loan and lease losses, December 31 858 9,213 8,731 18,802 Reserve for unfunded lending commitments, January 1 119 — 1,004 1,123 Provision for unfunded lending commitments 18 — 737 755 Reserve for unfunded lending commitments, December 31 137 — 1,741 1,878 Allowance for credit losses, December 31 $ 995 $ 9,213 $ 10,472 $ 20,680

Securitizations and Other Var_2

Securitizations and Other Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Mortgage Related Securitizations	The table below summarizes select information related to first-lien mortgage securitizations for 2022, 2021 and 2020. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage (Dollars in millions) 2022 2021 2020 2022 2021 2020 Proceeds from loan sales (1) $ 8,084 $ 6,664 $ 15,823 $ 5,853 $ 10,874 $ 5,084 Gains on securitizations (2) 8 9 728 46 156 61 Repurchases from securitization trusts (3) 53 756 436 — — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the GSEs or GNMA in the normal course of business and primarily receives residential mortgage-backed securities in exchange. Substantially all of these securities are classified as Level 2 within the fair value hierarchy and are typically sold shortly after receipt. (2) A majority of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. Gains recognized on these LHFS prior to securitization, which totaled $41 million, $121 million and $160 million net of hedges, during 2022, 2021 and 2020, respectively, are not included in the table above. (3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make. The Corporation may also repurchase loans from securitization trusts to perform modifications. Repurchased loans include FHA-insured mortgages collateralizing GNMA securities.
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to home equity, credit card and other asset-backed VIEs in which the Corporation held a variable interest at December 31, 2022 and 2021. Home Equity Loan, Credit Card and Other Asset-backed VIEs Home Equity (1) Credit Card (2) Resecuritization Trusts Municipal Bond Trusts December 31 (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Unconsolidated VIEs Maximum loss exposure $ 119 $ 152 $ — $ — $ 4,243 $ 6,089 $ 2,537 $ 4,094 On-balance sheet assets Securities (3) : Trading account assets $ — $ — $ — $ — $ 456 $ 1,030 $ — $ — Debt securities carried at fair value 1 1 — — 1,259 1,903 — — Held-to-maturity securities — — — — 2,528 3,156 — — Total retained positions $ 1 $ 1 $ — $ — $ 4,243 $ 6,089 $ — $ — Total assets of VIEs $ 326 $ 430 $ — $ — $ 12,255 $ 18,633 $ 3,016 $ 4,655 Consolidated VIEs Maximum loss exposure $ 32 $ 45 $ 9,555 $ 10,279 $ 551 $ 680 $ — $ 210 On-balance sheet assets Trading account assets $ — $ — $ — $ — $ 650 $ 686 $ — $ 122 Loans and leases 97 140 14,555 14,434 — — — — Allowance for loan and lease losses 12 14 (808) (970) — — — — All other assets 2 3 68 70 — — — 88 Total assets $ 111 $ 157 $ 13,815 $ 13,534 $ 650 $ 686 $ — $ 210 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ — $ — $ — $ 196 Long-term debt 79 113 4,247 3,248 99 6 — — All other liabilities — — 13 7 — — — — Total liabilities $ 79 $ 113 $ 4,260 $ 3,255 $ 99 $ 6 $ — $ 196 (1) For unconsolidated home equity loan VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves. For both consolidated and unconsolidated home equity loan VIEs, the maximum loss exposure excludes the reserve for representations and warranties obligations and corporate guarantees. For more information, see Note 12 – Commitments and Contingencies . (2) At December 31, 2022 and 2021, loans and leases in the consolidated credit card trust included $3.3 billion and $4.3 billion of seller’s interest.
First Lien Mortgages
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at December 31, 2022 and 2021. First-lien Mortgage VIEs Residential Mortgage Non-agency Agency Prime Subprime Alt-A Commercial Mortgage December 31 (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Unconsolidated VIEs Maximum loss exposure (1) $ 9,112 $ 11,600 $ 91 $ 121 $ 735 $ 908 $ 28 $ 14 $ 1,594 $ 1,445 On-balance sheet assets Senior securities: Trading account assets $ 232 $ 175 $ 3 $ 8 $ 25 $ 44 $ 26 $ 12 $ 91 $ 21 Debt securities carried at fair value 3,027 5,009 — — 410 537 — — — — Held-to-maturity securities 5,853 6,416 — — — — — — 1,268 1,157 All other assets — — 3 3 25 29 2 2 101 93 Total retained positions $ 9,112 $ 11,600 $ 6 $ 11 $ 460 $ 610 $ 28 $ 14 $ 1,460 $ 1,271 Principal balance outstanding (2) $ 81,644 $ 93,142 $ 3,973 $ 4,710 $ 5,034 $ 6,179 $ 11,568 $ 13,627 $ 85,101 $ 85,540 Consolidated VIEs Maximum loss exposure (1) $ 1,735 $ 1,644 $ — $ 49 $ 78 $ — $ — $ — $ — $ — On-balance sheet assets Trading account assets $ 1,735 $ 1,644 $ — $ — $ 78 $ — $ — $ — $ — $ — Loans and leases, net — — — 58 — — — — — — Total assets $ 1,735 $ 1,644 $ — $ 58 $ 78 $ — $ — $ — $ — $ — Total liabilities $ — $ — $ — $ 9 $ — $ — $ — $ — $ — $ — (1) Maximum loss exposure includes obligations under loss-sharing reinsurance and other arrangements for non-agency residential mortgage and commercial mortgage securitizations, but excludes the reserve for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For more information, see Note 12 – Commitments and Contingencies and Note 20 – Fair Value Measurements . (2) Principal balance outstanding includes loans where the Corporation was the transferor to securitization VIEs with which it has continuing involvement, which may include servicing the loans.
Other Variable Interest Entities
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at December 31, 2022 and 2021. Other VIEs Consolidated Unconsolidated Total Consolidated Unconsolidated Total (Dollars in millions) December 31, 2022 December 31, 2021 Maximum loss exposure $ 2,286 $ 31,405 $ 33,691 $ 4,819 $ 27,790 $ 32,609 On-balance sheet assets Trading account assets $ 353 $ 638 $ 991 $ 2,552 $ 626 $ 3,178 Debt securities carried at fair value — 5 5 — 7 7 Loans and leases 2,086 90 2,176 2,503 47 2,550 Allowance for loan and lease losses (1) (12) (13) (2) (12) (14) All other assets 46 30,221 30,267 28 26,628 26,656 Total $ 2,484 $ 30,942 $ 33,426 $ 5,081 $ 27,296 $ 32,377 On-balance sheet liabilities Short-term borrowings $ 42 $ — $ 42 $ 51 $ — $ 51 Long-term debt 156 — 156 211 — 211 All other liabilities — 7,318 7,318 — 6,548 6,548 Total $ 198 $ 7,318 $ 7,516 $ 262 $ 6,548 $ 6,810 Total assets of VIEs $ 2,484 $ 101,271 $ 103,755 $ 5,081 $ 92,249 $ 97,330

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The table below presents goodwill balances by business segment at December 31, 2022 and 2021. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. Goodwill December 31 (Dollars in millions) 2022 2021 Consumer Banking $ 30,137 $ 30,137 Global Wealth & Investment Management 9,677 9,677 Global Banking 24,026 24,026 Global Markets 5,182 5,182 Total goodwill $ 69,022 $ 69,022

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2022
Leases [Abstract]
Schedule of Net Investment in Sales-type and Direct Financing Leases	The table below presents the net investment in sales-type and direct financing leases at December 31, 2022 and 2021. Net Investment (1) December 31 (Dollars in millions) 2022 2021 Lease receivables $ 15,123 $ 16,806 Unguaranteed residuals 2,143 2,078 Total net investment in sales-type and direct $ 17,266 $ 18,884 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $6.5 billion and $7.1 billion at December 31, 2022 and 2021.
Sales-type Lease, Lease Income	The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638
Operating Lease, Lease Income	The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638
Direct Financing Lease, Lease Income	The table below presents lease income for 2022, 2021 and 2020. Lease Income (Dollars in millions) 2022 2021 2020 Sales-type and direct financing leases $ 589 $ 613 $ 707 Operating leases 941 930 931 Total lease income $ 1,530 $ 1,543 $ 1,638
Lease, Cost	The following table provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2022 and 2021. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2022 2021 Right-of-use asset $ 9,755 $ 10,233 Lease liabilities 10,359 10,858 Weighted-average discount rate used to calculate present value of future minimum lease payments 3.25 % 2.91 % Weighted-average lease term (in years) 8.6 9.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 824 $ 1,713 2022 2021 2020 Operating cash flows from operating leases (2) $ 1,986 $ 1,964 $ 2,039 Lease Cost and Supplemental Operating lease cost $ 2,008 $ 2,025 $ 2,149 Variable lease cost (3) 464 462 474 Total lease cost (4) $ 2,472 $ 2,487 $ 2,623 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income.
Maturity of Lessor and Lessee Arrangements	The maturities of lessor and lessee arrangements outstanding at December 31, 2022 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2022 2023 $ 819 $ 4,932 $ 1,998 2024 682 4,399 1,850 2025 509 2,539 1,567 2026 368 1,993 1,354 2027 289 990 1,131 Thereafter 664 1,635 4,189 Total undiscounted cash flows $ 3,331 16,488 12,089 Less: Net present value adjustment 1,365 1,730 Total (3) $ 15,123 $ 10,359 (1) Excludes $278 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2023. (2) Includes $10.2 billion in commercial lease financing receivables and $4.9 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2022
Deposits [Abstract]
Schedule of Time Deposits	The scheduled contractual maturities for total time deposits at December 31, 2022 are presented in the table below. Contractual Maturities of Total Time Deposits (Dollars in millions) U.S. Non-U.S. Total Due in 2023 $ 36,114 $ 7,393 $ 43,507 Due in 2024 3,576 67 3,643 Due in 2025 643 6 649 Due in 2026 149 23 172 Due in 2027 116 1,472 1,588 Thereafter 238 8 246 Total time deposits $ 40,836 $ 8,969 $ 49,805

Securities Financing Agreemen_2

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2022
Offsetting Liabilities [Line Items]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	The following tables present securities sold under agreements to repurchase and securities loaned by remaining contractual term to maturity and class of collateral pledged. Included in “Other” are transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. Certain agreements contain a right to substitute collateral and/or terminate the agreement prior to maturity at the option of the Corporation or the counterparty. Such agreements are included in the table below based on the remaining contractual term to maturity. Remaining Contractual Maturity Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater than 90 Days (1) Total (Dollars in millions) December 31, 2022 Securities sold under agreements to repurchase $ 200,087 $ 181,632 $ 41,666 $ 30,107 $ 453,492 Securities loaned 66,909 288 1,139 4,080 72,416 Other 8,427 — — — 8,427 Total $ 275,423 $ 181,920 $ 42,805 $ 34,187 $ 534,335 December 31, 2021 Securities sold under agreements to repurchase $ 148,023 $ 194,964 $ 36,939 $ 36,501 $ 416,427 Securities loaned 46,231 466 1,428 4,111 52,236 Other 11,391 — — — 11,391 Total $ 205,645 $ 195,430 $ 38,367 $ 40,612 $ 480,054 (1) No agreements have maturities greater than four years. Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Other Total (Dollars in millions) December 31, 2022 U.S. government and agency securities $ 193,005 $ 18 $ — $ 193,023 Corporate securities, trading loans and other 14,345 2,896 317 17,558 Equity securities 10,249 69,432 8,110 87,791 Non-U.S. sovereign debt 232,171 70 — 232,241 Mortgage trading loans and ABS 3,722 — — 3,722 Total $ 453,492 $ 72,416 $ 8,427 $ 534,335 December 31, 2021 U.S. government and agency securities $ 201,546 $ 27 $ — $ 201,573 Corporate securities, trading loans and other 12,838 3,440 1,148 17,426 Equity securities 19,907 48,650 10,192 78,749 Non-U.S. sovereign debt 178,019 119 51 178,189 Mortgage trading loans and ABS 4,117 — — 4,117 Total $ 416,427 $ 52,236 $ 11,391 $ 480,054
Securities Borrowed And Securities Purchased Under Agreements To Resell
Offsetting Liabilities [Line Items]
Offsetting Assets	The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at December 31, 2022 and 2021. Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) December 31, 2022 Securities borrowed or purchased under agreements to resell (3) $ 597,847 $ (330,273) $ 267,574 $ (240,120) $ 27,454 Securities loaned or sold under agreements to repurchase $ 525,908 $ (330,273) $ 195,635 $ (183,265) $ 12,370 Other (4) 8,427 — 8,427 (8,427) — Total $ 534,335 $ (330,273) $ 204,062 $ (191,692) $ 12,370 December 31, 2021 Securities borrowed or purchased under agreements to resell (3) $ 527,054 $ (276,334) $ 250,720 $ (229,525) $ 21,195 Securities loaned or sold under agreements to repurchase $ 468,663 $ (276,334) $ 192,329 $ (181,860) $ 10,469 Other (4) 11,391 — 11,391 (11,391) — Total $ 480,054 $ (276,334) $ 203,720 $ (193,251) $ 10,469 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $8.7 billion and $20.1 billion reported in loans and leases on the Consolidated Balance Sheet at December 31, 2022 and 2021. (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.
Securities Loaned And Financial Assets Sold Under Agreements To Repurchase
Offsetting Liabilities [Line Items]
Offsetting Liabilities	The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at December 31, 2022 and 2021. Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) December 31, 2022 Securities borrowed or purchased under agreements to resell (3) $ 597,847 $ (330,273) $ 267,574 $ (240,120) $ 27,454 Securities loaned or sold under agreements to repurchase $ 525,908 $ (330,273) $ 195,635 $ (183,265) $ 12,370 Other (4) 8,427 — 8,427 (8,427) — Total $ 534,335 $ (330,273) $ 204,062 $ (191,692) $ 12,370 December 31, 2021 Securities borrowed or purchased under agreements to resell (3) $ 527,054 $ (276,334) $ 250,720 $ (229,525) $ 21,195 Securities loaned or sold under agreements to repurchase $ 468,663 $ (276,334) $ 192,329 $ (181,860) $ 10,469 Other (4) 11,391 — 11,391 (11,391) — Total $ 480,054 $ (276,334) $ 203,720 $ (193,251) $ 10,469 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $8.7 billion and $20.1 billion reported in loans and leases on the Consolidated Balance Sheet at December 31, 2022 and 2021. (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
Long-term Debt (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Balance of Long-term Debt	Long-term debt consists of borrowings having an original maturity of one year or more. The table below presents the balance of long-term debt at December 31, 2022 and 2021, and the related contractual rates and maturity dates as of December 31, 2022. Weighted-average Rate December 31 (Dollars in millions) Interest Rates Maturity Dates 2022 2021 Notes issued by Bank of America Corporation (1) Senior notes: Fixed 3.03 % 0.25 - 8.05 % 2023 - 2052 $ 188,429 $ 194,191 Floating 4.2 0.74 - 9.16 2023 - 2044 17,469 18,753 Senior structured notes 11,608 15,086 Subordinated notes: Fixed 4.88 2.94 - 8.57 2024 - 2045 21,098 22,311 Floating 3.45 2.48 - 5.53 2026 - 2037 4,544 2,371 Junior subordinated notes: Fixed 6.71 6.45 - 8.05 2027 - 2066 743 741 Floating 5.56 5.56 2056 1 1 Total notes issued by Bank of America Corporation 243,892 253,454 Notes issued by Bank of America, N.A. Senior notes: Fixed — 501 Floating 5.05 5.05 2024 2,600 3,173 Subordinated notes 6.00 6.00 2036 1,485 1,780 Advances from Federal Home Loan Banks: Fixed 4.49 0.01 - 7.42 2023 - 2034 681 290 Securitizations and other BANA VIEs (2) 4,300 3,338 Other 908 680 Total notes issued by Bank of America, N.A. 9,974 9,762 Other debt Structured liabilities (3) 21,835 16,599 Nonbank VIEs (2) 281 249 Other — 53 Total notes issued by nonbank and other entities 22,116 16,901 Total long-term debt $ 275,982 $ 280,117 (1) Includes total loss-absorbing capacity compliant debt. (2) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet. Long-term debt of VIEs is collateralized by the assets of the VIEs. At December 31, 2022, amount includes debt predominantly from credit card securitization and other VIEs of $4.2 billion and $156 million. For more information, see Note 6 – Securitizations and Other Variable Interest Entities. (3) Includes debt outstanding of $8.0 billion and $5.4 billion at December 31, 2022 and 2021 that was issued by BofA Finance LLC, a consolidated finance subsidiary of Bank of America Corporation, the parent company, and is fully and unconditionally guaranteed by the parent company.
Schedule of Maturities of Long-term Debt	The table below shows the carrying value for aggregate annual contractual maturities of long-term debt as of December 31, 2022. Included in the table are certain structured notes issued by the Corporation that contain provisions whereby the borrowings are redeemable at the option of the holder (put options) at specified dates prior to maturity. Other structured notes have coupon or repayment terms linked to the performance of debt or equity securities, indices, currencies or commodities, and the maturity may be accelerated based on the value of a referenced index or security. In both cases, the Corporation or a subsidiary may be required to settle the obligation for cash or other securities prior to the contractual maturity date. These borrowings are reflected in the table as maturing at their contractual maturity date. Long-term Debt by Maturity (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Total Bank of America Corporation Senior notes $ 8,029 $ 22,570 $ 24,730 $ 23,972 $ 16,055 $ 110,542 $ 205,898 Senior structured notes 767 456 558 946 641 8,240 11,608 Subordinated notes — 3,205 5,132 4,908 2,155 10,242 25,642 Junior subordinated notes — — — — 188 556 744 Total Bank of America Corporation 8,796 26,231 30,420 29,826 19,039 129,580 243,892 Bank of America, N.A. Senior notes — 2,600 — — — — 2,600 Subordinated notes — — — — — 1,485 1,485 Advances from Federal Home Loan Banks 600 — 15 9 4 53 681 Securitizations and other Bank VIEs (1) 1,000 1,000 2,248 — — 52 4,300 Other 642 89 71 45 63 (2) 908 Total Bank of America, N.A. 2,242 3,689 2,334 54 67 1,588 9,974 Other debt Structured Liabilities 5,253 2,426 2,482 1,474 2,001 8,199 21,835 Nonbank VIEs (1) — — — — — 281 281 Other — — — — — — — Total other debt 5,253 2,426 2,482 1,474 2,001 8,480 22,116 Total long-term debt $ 16,291 $ 32,346 $ 35,236 $ 31,354 $ 21,107 $ 139,648 $ 275,982 (1) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Credit Extension Commitment Expirations	The following table includes the notional amount of commitments of $3.0 billion and $4.8 billion at December 31, 2022 and 2021 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $110 million and $97 million at December 31, 2022 and 2021, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 21 – Fair Value Option. Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Expire After Total (Dollars in millions) December 31, 2022 Notional amount of credit extension commitments Loan commitments (1) $ 113,962 $ 162,890 $ 221,374 $ 13,667 $ 511,893 Home equity lines of credit 1,479 7,230 11,578 22,154 42,441 Standby letters of credit and financial guarantees (2) 22,565 9,237 2,787 628 35,217 Letters of credit 853 46 52 49 1,000 Other commitments (3) 5 93 71 1,103 1,272 Legally binding commitments 138,864 179,496 235,862 37,601 591,823 Credit card lines (4) 419,144 — — — 419,144 Total credit extension commitments $ 558,008 $ 179,496 $ 235,862 $ 37,601 $ 1,010,967 December 31, 2021 Notional amount of credit extension commitments Loan commitments (1) $ 102,464 $ 190,687 $ 174,978 $ 26,635 $ 494,764 Home equity lines of credit 890 5,097 10,268 24,276 40,531 Standby letters of credit and financial guarantees (2) 22,359 10,742 2,017 422 35,540 Letters of credit 1,145 124 56 98 1,423 Other commitments (3) 18 59 81 1,233 1,391 Legally binding commitments 126,876 206,709 187,400 52,664 573,649 Credit card lines (4) 406,169 — — — 406,169 Total credit extension commitments $ 533,045 $ 206,709 $ 187,400 $ 52,664 $ 979,818 (1) At December 31, 2022 and 2021, $2.6 billion and $4.6 billion of these loan commitments were held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $25.1 billion and $9.5 billion at December 31, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $575 million and $512 million at December 31, 2022 and 2021. (3) Primarily includes second-loss positions on lease-end residual value guarantees.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
Shareholders' Equity (Tables)	Dec. 31, 2022
Equity [Abstract]
Schedule of Dividends	Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share February 1, 2023 March 3, 2023 March 31, 2023 $ 0.22 October 19, 2022 December 2, 2022 December 30, 2022 0.22 July 20, 2022 September 2, 2022 September 30, 2022 0.22 April 27, 2022 June 3, 2022 June 24, 2022 0.21 February 2, 2022 March 4, 2022 March 25, 2022 0.21 (1) In 2022, and through February 22, 2023.
Schedule of Shareholders' Equity	The table below summarizes common stock repurchases during 2022, 2021 and 2020. Common Stock Repurchase Summary (in millions) 2022 2021 2020 Total share repurchases, including CCAR capital plan repurchases 126 615 227 Purchase price of shares repurchased and retired (1) $ 5,073 $ 25,126 $ 7,025 (1) Consists of repurchases pursuant to the Corporation’s CCAR capital plans. The table below presents a summary of perpetual preferred stock outstanding at December 31, 2022 . Preferred Stock Summary (Dollars in millions, except as noted) Series Description Initial Total Liquidation Carrying Per Annum Dividend per Share (in dollars) (1) Annual Dividend Redemption Period (2) Series B 7.000% Cumulative Redeemable June 7,076 $ 100 $ 1 7.00 % $ 7 $ — n/a Series E (3) Floating Rate Non-Cumulative November 12,317 25,000 308 3-mo. LIBOR + 35 bps (4) 1.01 13 On or after Series F Floating Rate Non-Cumulative March 1,409 100,000 141 3-mo. LIBOR + 40 bps (4) 4,055.56 6 On or after Series G Adjustable Rate Non-Cumulative March 4,925 100,000 492 3-mo. LIBOR + 40 bps (4) 4,055.56 20 On or after Series L 7.25% Non-Cumulative Perpetual Convertible January 3,080,182 1,000 3,080 7.25 % 72.50 223 n/a Series U (5) Fixed-to-Floating Rate Non-Cumulative May 40,000 25,000 1,000 5.2% to, but excluding, 6/1/23; 3-mo. LIBOR +313.5 bps thereafter 52.00 52 On or after Series X (5) Fixed-to-Floating Rate Non-Cumulative September 80,000 25,000 2,000 6.250% to, but excluding, 9/5/24; 3-mo. LIBOR +370.5 bps thereafter 62.50 125 On or after Series Z (5) Fixed-to-Floating Rate Non-Cumulative October 56,000 25,000 1,400 6.500% to, but excluding, 10/23/24; 3-mo. LIBOR +417.4 bps thereafter 65.00 91 On or after Series AA (5) Fixed-to-Floating Rate Non-Cumulative March 76,000 25,000 1,900 6.100% to, but excluding, 3/17/25; 3-mo. LIBOR +389.8 bps thereafter 61.00 116 On or after Series DD (5) Fixed-to-Floating Rate Non-Cumulative March 40,000 25,000 1,000 6.300% to, but excluding, 3/10/26; 3-mo. LIBOR +455.3 bps thereafter 63.00 63 On or after Series FF (5) Fixed-to-Floating Rate Non-Cumulative March 90,834 25,000 2,271 5.875% to, but excluding, 3/15/28; 3-mo. LIBOR +293.1 bps thereafter 58.75 139 On or after Series GG (3) 6.000% Non-Cumulative May 54,000 25,000 1,350 6.000 % 1.50 81 On or after Series HH (3) 5.875% Non-Cumulative July 34,049 25,000 851 5.875 % 1.47 50 On or after Series JJ (5) Fixed-to-Floating Rate Non-Cumulative June 34,171 25,000 854 5.125% to, but excluding, 6/20/24; 3-mo. LIBOR +329.2 bps thereafter 51.25 51 On or after Series KK (3) 5.375% Non-Cumulative June 55,273 25,000 1,382 5.375 % 1.34 75 On or after Series LL (3) 5.000% Non-Cumulative September 52,045 25,000 1,301 5.000 % 1.25 66 On or after Series MM (5) Fixed-to-Floating Rate Non-Cumulative January 30,753 25,000 769 4.300 % 43.00 46 On or after Series NN (3) 4.375% Non-Cumulative October 42,993 25,000 1,075 4.375 % 1.09 48 On or after Series PP (3) 4.125% Non-Cumulative January 2021 36,500 25,000 912 4.125 % 1.03 38 On or after Series QQ (3) 4.250% Non-Cumulative October 2021 51,879 25,000 1,297 4.250 % 1.12 58 On or after Series RR (6) 4.375% Fixed-Rate Reset Non-Cumulative January 2022 66,738 25,000 1,668 4.375% to, but excluding, 1/27/27; 5-yr U.S. Treasury Rate +276 bps thereafter 43.99 77 On or after Series SS (3) 4.750% Non-Cumulative January 2022 27,463 25,000 687 4.750 % 0.95 27 On or after Series TT (6) 6.125% Fixed-Rate Reset Non-Cumulative April 2022 80,000 25,000 2,000 6.125% to, but excluding, 4/27/27; 5-yr U.S. Treasury Rate +323.1 bps thereafter 46.79 94 On or after Series 1 (7) Floating Rate Non-Cumulative November 3,186 30,000 96 3-mo. LIBOR + 75 bps (8) 0.80 3 On or after Series 2 (7) Floating Rate Non-Cumulative March 9,967 30,000 299 3-mo. LIBOR + 65 bps (8) 0.80 10 On or after Series 4 (7) Floating Rate Non-Cumulative November 7,010 30,000 210 3-mo. LIBOR + 75 bps (4) 1.01 9 On or after Series 5 (7) Floating Rate Non-Cumulative March 13,331 30,000 400 3-mo. LIBOR + 50 bps (4) 1.01 17 On or after Issuance costs and certain adjustments (347) Total 4,088,101 $ 28,397 (1) For all series of preferred stock other than Series B, Series F, Series G and Series L, “Dividend per Share” means the amount of dividends per depositary share of such series. (2) The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the liquidation preference plus declared and unpaid dividends. Series B and Series L Preferred Stock do not have early redemption/call rights. (3) Ownership is held in the form of depositary shares, each representing a 1/1,000th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (4) Subject to 4.00% minimum rate per annum. (5) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a semi-annual cash dividend, if and when declared, until the first redemption date at which time, it adjusts to a quarterly cash dividend, if and when declared, thereafter. (6) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (7) Ownership is held in the form of depositary shares, each representing a 1/1,200th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (8) Subject to 3.00% minimum rate per annum. n/a = not applicable

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
Employee Benefit Plans (Tables)	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The Pension and Postretirement Plans table summarizes the changes in the fair value of plan assets, changes in the projected benefit obligation (PBO), the funded status of both the accumulated benefit obligation (ABO) and the PBO, and the weighted-average assumptions used to determine benefit obligations for the pension plans and postretirement plans at December 31, 2022 and 2021. The estimate of the Corporation’s PBO associated with these plans considers various actuarial assumptions, including assumptions for mortality rates and discount rates. The discount rate assumptions are derived from a cash flow matching technique that utilizes rates that are based on Aa-rated corporate bonds with cash flows that match estimated benefit payments of each of the plans. The increases in the weighted-average discount rates in 2022 resulted in a decrease to the PBO of $5.3 billion at December 31, 2022. The increases in the weighted-average discount rates in 2021 resulted in a decrease to the PBO of approximately $895 million at December 31, 2021. Significant gains and losses related to changes in the PBO for 2022 and 2021 primarily resulted from changes in the discount rate. Pension and Postretirement Plans (1) Qualified Non-U.S. Nonqualified and Other Postretirement (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Fair value, January 1 $ 22,078 $ 21,776 $ 3,031 $ 3,078 $ 2,585 $ 2,789 $ 117 $ 143 Actual return on plan assets (3,896) 1,215 (898) 62 (332) (55) 2 — Company contributions (withdrawals) — — 30 24 (135) 87 45 38 Plan participant contributions — — 1 1 — — 104 107 Settlements and curtailments — — (51) (11) (6) — — — Benefits paid (924) (913) (62) (84) (226) (236) (161) (171) Federal subsidy on benefits paid n/a n/a n/a n/a n/a n/a — — Foreign currency exchange rate changes n/a n/a (323) (39) n/a n/a n/a n/a Fair value, December 31 $ 17,258 $ 22,078 $ 1,728 $ 3,031 $ 1,886 $ 2,585 $ 107 $ 117 Change in projected benefit obligation Projected benefit obligation, January 1 $ 15,676 $ 16,427 $ 3,116 $ 3,340 $ 2,753 $ 3,005 $ 928 $ 1,007 Service cost — — 29 28 — — 4 5 Interest cost 438 414 53 45 74 67 25 24 Plan participant contributions — — 1 1 — — 104 107 Plan amendments — — 3 — — — — — Settlements and curtailments — — (51) (11) (6) — — — Actuarial loss (gain) (3,610) (252) (1,054) (152) (486) (83) (198) (44) Benefits paid (924) (913) (62) (84) (226) (236) (161) (171) Federal subsidy on benefits paid n/a n/a n/a n/a n/a n/a — — Foreign currency exchange rate changes n/a n/a (283) (51) n/a n/a (2) — Projected benefit obligation, December 31 $ 11,580 $ 15,676 $ 1,752 $ 3,116 $ 2,109 $ 2,753 $ 700 $ 928 Amounts recognized on Consolidated Balance Sheet Other assets $ 5,678 $ 6,402 $ 370 $ 550 $ 495 $ 777 $ — $ — Accrued expenses and other liabilities — — (394) (635) (718) (945) (593) (811) Net amount recognized, December 31 $ 5,678 $ 6,402 $ (24) $ (85) $ (223) $ (168) $ (593) $ (811) Funded status, December 31 Accumulated benefit obligation $ 11,580 $ 15,676 $ 1,694 $ 3,031 $ 2,109 $ 2,753 n/a n/a Overfunded (unfunded) status of ABO 5,678 6,402 34 — (223) (168) n/a n/a Provision for future salaries — — 58 85 — — n/a n/a Projected benefit obligation 11,580 15,676 1,752 3,116 2,109 2,753 $ 700 $ 928 Weighted-average assumptions, December 31 Discount rate 5.54 % 2.86 % 4.59 % 1.85 % 5.58 % 2.80 % 5.56 % 2.85 % Rate of compensation increase n/a n/a 4.25 4.46 4.00 4.00 n/a n/a Interest-crediting rate 5.36 % 4.83 % 2.03 1.90 4.69 4.22 n/a n/a (1) The measurement date for all of the above plans was December 31 of each year reported. n/a = not applicable
Schedule of Amounts Recognized in Balance Sheet	The Pension and Postretirement Plans table summarizes the changes in the fair value of plan assets, changes in the projected benefit obligation (PBO), the funded status of both the accumulated benefit obligation (ABO) and the PBO, and the weighted-average assumptions used to determine benefit obligations for the pension plans and postretirement plans at December 31, 2022 and 2021. The estimate of the Corporation’s PBO associated with these plans considers various actuarial assumptions, including assumptions for mortality rates and discount rates. The discount rate assumptions are derived from a cash flow matching technique that utilizes rates that are based on Aa-rated corporate bonds with cash flows that match estimated benefit payments of each of the plans. The increases in the weighted-average discount rates in 2022 resulted in a decrease to the PBO of $5.3 billion at December 31, 2022. The increases in the weighted-average discount rates in 2021 resulted in a decrease to the PBO of approximately $895 million at December 31, 2021. Significant gains and losses related to changes in the PBO for 2022 and 2021 primarily resulted from changes in the discount rate. Pension and Postretirement Plans (1) Qualified Non-U.S. Nonqualified and Other Postretirement (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 Fair value, January 1 $ 22,078 $ 21,776 $ 3,031 $ 3,078 $ 2,585 $ 2,789 $ 117 $ 143 Actual return on plan assets (3,896) 1,215 (898) 62 (332) (55) 2 — Company contributions (withdrawals) — — 30 24 (135) 87 45 38 Plan participant contributions — — 1 1 — — 104 107 Settlements and curtailments — — (51) (11) (6) — — — Benefits paid (924) (913) (62) (84) (226) (236) (161) (171) Federal subsidy on benefits paid n/a n/a n/a n/a n/a n/a — — Foreign currency exchange rate changes n/a n/a (323) (39) n/a n/a n/a n/a Fair value, December 31 $ 17,258 $ 22,078 $ 1,728 $ 3,031 $ 1,886 $ 2,585 $ 107 $ 117 Change in projected benefit obligation Projected benefit obligation, January 1 $ 15,676 $ 16,427 $ 3,116 $ 3,340 $ 2,753 $ 3,005 $ 928 $ 1,007 Service cost — — 29 28 — — 4 5 Interest cost 438 414 53 45 74 67 25 24 Plan participant contributions — — 1 1 — — 104 107 Plan amendments — — 3 — — — — — Settlements and curtailments — — (51) (11) (6) — — — Actuarial loss (gain) (3,610) (252) (1,054) (152) (486) (83) (198) (44) Benefits paid (924) (913) (62) (84) (226) (236) (161) (171) Federal subsidy on benefits paid n/a n/a n/a n/a n/a n/a — — Foreign currency exchange rate changes n/a n/a (283) (51) n/a n/a (2) — Projected benefit obligation, December 31 $ 11,580 $ 15,676 $ 1,752 $ 3,116 $ 2,109 $ 2,753 $ 700 $ 928 Amounts recognized on Consolidated Balance Sheet Other assets $ 5,678 $ 6,402 $ 370 $ 550 $ 495 $ 777 $ — $ — Accrued expenses and other liabilities — — (394) (635) (718) (945) (593) (811) Net amount recognized, December 31 $ 5,678 $ 6,402 $ (24) $ (85) $ (223) $ (168) $ (593) $ (811) Funded status, December 31 Accumulated benefit obligation $ 11,580 $ 15,676 $ 1,694 $ 3,031 $ 2,109 $ 2,753 n/a n/a Overfunded (unfunded) status of ABO 5,678 6,402 34 — (223) (168) n/a n/a Provision for future salaries — — 58 85 — — n/a n/a Projected benefit obligation 11,580 15,676 1,752 3,116 2,109 2,753 $ 700 $ 928 Weighted-average assumptions, December 31 Discount rate 5.54 % 2.86 % 4.59 % 1.85 % 5.58 % 2.80 % 5.56 % 2.85 % Rate of compensation increase n/a n/a 4.25 4.46 4.00 4.00 n/a n/a Interest-crediting rate 5.36 % 4.83 % 2.03 1.90 4.69 4.22 n/a n/a (1) The measurement date for all of the above plans was December 31 of each year reported. n/a = not applicable
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2022 and 2021 are presented in the table below. For these plans, funding strategies vary due to legal requirements and local practices. Plans with ABO and PBO in Excess of Plan Assets Non-U.S. Nonqualified (Dollars in millions) 2022 2021 2022 2021 PBO $ 458 $ 841 $ 719 $ 945 ABO 416 780 719 945 Fair value of plan assets 71 207 1 1
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2022 and 2021 are presented in the table below. For these plans, funding strategies vary due to legal requirements and local practices. Plans with ABO and PBO in Excess of Plan Assets Non-U.S. Nonqualified (Dollars in millions) 2022 2021 2022 2021 PBO $ 458 $ 841 $ 719 $ 945 ABO 416 780 719 945 Fair value of plan assets 71 207 1 1
Schedule of Net Benefit Costs	Components of Net Periodic Benefit Cost Qualified Pension Plan Non-U.S. Pension Plans (Dollars in millions) 2022 2021 2020 2022 2021 2020 Components of net periodic benefit cost (income) Service cost $ — $ — $ — $ 29 $ 28 $ 20 Interest cost 438 414 500 53 45 49 Expected return on plan assets (1,204) (1,173) (1,154) (59) (70) (66) Amortization of actuarial loss (gain) and prior service cost 140 193 173 14 19 9 Other — — — 10 5 8 Net periodic benefit cost (income) $ (626) $ (566) $ (481) $ 47 $ 27 $ 20 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 2.86 % 2.57 % 3.32 % 1.85 % 1.35 % 1.81 % Expected return on plan assets 5.75 5.75 6.00 2.17 2.30 2.57 Rate of compensation increase n/a n/a n/a 4.46 4.11 4.10 Nonqualified and Postretirement Health (Dollars in millions) 2022 2021 2020 2022 2021 2020 Components of net periodic benefit cost (income) Service cost $ — $ — $ 1 $ 4 $ 5 $ 5 Interest cost 74 67 90 25 24 32 Expected return on plan assets (59) (49) (71) (2) (3) (4) Amortization of actuarial loss (gain) and prior service cost 54 63 50 (9) 20 29 Other 1 — — — — (2) Net periodic benefit cost (income) $ 70 $ 81 $ 70 $ 18 $ 46 $ 60 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 2.80 % 2.33 % 3.20 % 2.85 % 2.48 % 3.27 % Expected return on plan assets 2.38 1.88 2.77 2.00 2.00 2.00 Rate of compensation increase 4.00 4.00 4.00 n/a n/a n/a n/a = not applicable
Schedule of Pretax Amounts Included in Accumulated OCI	Pretax Amounts included in Accumulated OCI and OCI Qualified Non-U.S. Nonqualified Postretirement Total (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net actuarial loss (gain) $ 4,775 $ 3,425 $ 312 $ 456 $ 796 $ 945 $ (187) $ 4 $ 5,696 $ 4,830 Prior service cost (credits) — — 43 17 — — (1) (3) 42 14 Amounts recognized in accumulated OCI $ 4,775 $ 3,425 $ 355 $ 473 $ 796 $ 945 $ (188) $ 1 $ 5,738 $ 4,844 Current year actuarial loss (gain) $ 1,490 $ (294) $ (107) $ (154) $ (95) $ 21 $ (198) $ (41) $ 1,090 $ (468) Amortization of actuarial gain (loss) and prior service cost (140) (193) (14) (19) (54) (63) 9 (20) (199) (295) Current year prior service cost (credit) — — 3 — — — — — 3 — Amounts recognized in OCI $ 1,350 $ (487) $ (118) $ (173) $ (149) $ (42) $ (189) $ (61) $ 894 $ (763)
Schedule of Pretax Amounts Recognized in OCI	Pretax Amounts included in Accumulated OCI and OCI Qualified Non-U.S. Nonqualified Postretirement Total (Dollars in millions) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net actuarial loss (gain) $ 4,775 $ 3,425 $ 312 $ 456 $ 796 $ 945 $ (187) $ 4 $ 5,696 $ 4,830 Prior service cost (credits) — — 43 17 — — (1) (3) 42 14 Amounts recognized in accumulated OCI $ 4,775 $ 3,425 $ 355 $ 473 $ 796 $ 945 $ (188) $ 1 $ 5,738 $ 4,844 Current year actuarial loss (gain) $ 1,490 $ (294) $ (107) $ (154) $ (95) $ 21 $ (198) $ (41) $ 1,090 $ (468) Amortization of actuarial gain (loss) and prior service cost (140) (193) (14) (19) (54) (63) 9 (20) (199) (295) Current year prior service cost (credit) — — 3 — — — — — 3 — Amounts recognized in OCI $ 1,350 $ (487) $ (118) $ (173) $ (149) $ (42) $ (189) $ (61) $ 894 $ (763)
Schedule of Allocation of Plan Assets	The target allocations for 2023 by asset category for the Qualified Pension Plan, Non-U.S. Pension Plans, and Nonqualified and Other Pension Plans are presented in the table below. Equity securities for the Qualified Pension Plan include common stock of the Corporation in the amounts of $296 million (1.72 percent of total plan assets) and $398 million (1.80 percent of total plan assets) at December 31, 2022 and 2021. 2023 Target Allocation Percentage Asset Category Qualified Non-U.S. Nonqualified Equity securities 15 - 50% 0 - 20% 0 - 5% Debt securities 45 - 80% 40 - 75% 95 - 100% Real estate 0 - 10% 0 - 15% 0 - 5% Other 0 - 5% 10 - 40% 0 - 5%
Schedule of Changes in Fair Value of Plan Assets	Combined plan investment assets measured at fair value by level and in total at December 31, 2022 and 2021 are summarized in the Fair Value Measurements table. Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (Dollars in millions) December 31, 2022 December 31, 2021 Money market and interest-bearing cash $ 1,329 $ — $ — $ 1,329 $ 1,339 $ — $ — $ 1,339 U.S. government and government agency obligations 3,313 704 5 4,022 4,948 934 6 5,888 Corporate debt — 3,587 — 3,587 — 4,900 — 4,900 Non-U.S. debt securities 327 933 — 1,260 925 1,165 — 2,090 Asset-backed securities — 1,273 — 1,273 — 1,485 — 1,485 Mutual and exchange-traded funds 1,247 — — 1,247 1,395 — — 1,395 Collective investment funds — 1,988 — 1,988 — 3,419 — 3,419 Common and preferred stocks 3,901 — — 3,901 4,826 — — 4,826 Real estate investment trusts 76 — — 76 87 — — 87 Participant loans — — 6 6 — — 7 7 Other investments (1) 1 23 410 434 1 29 630 660 Total plan investment assets, at fair value (2) $ 10,194 $ 8,508 $ 421 $ 19,123 $ 13,521 $ 11,932 $ 643 $ 26,096 (1) Other investments includes insurance annuity contracts of $390 million and $612 million and other various investments of $44 million and $48 million at December 31, 2022 and 2021. (2) At December 31, 2022 and 2021, excludes $1.9 billion and $1.7 billion of certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are not required to be classified in the fair value hierarchy. The Level 3 Fair Value Measurements table presents a reconciliation of all plan investment assets measured at fair value using significant unobservable inputs (Level 3) during 2022, 2021 and 2020. Level 3 Fair Value Measurements Balance Actual Return on Purchases, Sales and Settlements Balance (Dollars in millions) 2022 U.S. government and government agency obligations $ 6 $ — $ (1) $ 5 Participant Loans 7 — (1) 6 Other investments 630 (8) (212) 410 Total $ 643 $ (8) $ (214) $ 421 2021 U.S. government and government agency obligations $ 7 $ — $ (1) $ 6 Participant Loans 7 — — 7 Other investments 684 (5) (49) 630 Total $ 698 $ (5) $ (50) $ 643 2020 U.S. government and government agency obligations $ 8 $ — $ (1) $ 7 Participant loans 8 — (1) 7 Other investments 628 6 50 684 Total $ 644 $ 6 $ 48 $ 698
Schedule of Expected Benefit Payments	Benefit payments projected to be made from the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans are presented in the table below. Projected Benefit Payments (Dollars in millions) Qualified Pension Plan (1) Non-U.S. Pension Plans (2) Nonqualified and Other Pension Plans (2) Postretirement Health and Life Plans (3) 2023 $ 892 $ 114 $ 235 $ 73 2024 927 108 232 70 2025 918 116 223 67 2026 921 117 215 64 2027 908 114 209 61 2028 - 2032 4,289 580 884 263 (1) Benefit payments expected to be made from the plan’s assets. (2) Benefit payments expected to be made from a combination of the plans’ and the Corporation’s assets. (3) Benefit payments (net of retiree contributions) expected to be made from a combination of the plans’ and the Corporation’s assets.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Dec. 31, 2022
Equity [Abstract]
Schedule of Accumulated OCI	The table below presents the changes in accumulated OCI after-tax for 2022, 2021 and 2020. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2019 $ 323 $ (1,494) $ (400) $ (4,168) $ (894) $ (6,633) Net change 4,799 (498) 826 (98) (52) 4,977 Balance, December 31, 2020 $ 5,122 $ (1,992) $ 426 $ (4,266) $ (946) $ (1,656) Net change (2,077) 356 (2,306) 624 (45) (3,448) Balance, December 31, 2021 $ 3,045 $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104) Net change (6,028) 755 (10,055) (667) (57) (16,052) Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for 2022, 2021 and 2020. Pretax Tax After- Pretax Tax After- Pretax Tax effect After- (Dollars in millions) 2022 2021 2020 Debt securities: Net increase (decrease) in fair value $ (7,995) $ 1,991 $ (6,004) $ (2,749) $ 689 $ (2,060) $ 6,819 $ (1,712) $ 5,107 Net realized (gains) losses reclassified into earnings (1) (32) 8 (24) (22) 5 (17) (411) 103 (308) Net change (8,027) 1,999 (6,028) (2,771) 694 (2,077) 6,408 (1,609) 4,799 Debit valuation adjustments: Net increase (decrease) in fair value 980 (237) 743 449 (103) 346 (669) 156 (513) Net realized (gains) losses reclassified into earnings (1) 16 (4) 12 13 (3) 10 19 (4) 15 Net change 996 (241) 755 462 (106) 356 (650) 152 (498) Derivatives: Net increase (decrease) in fair value (13,711) 3,430 (10,281) (2,849) 703 (2,146) 1,098 (268) 830 Reclassifications into earnings: Net interest income 332 (84) 248 (166) 48 (118) 6 (1) 5 Compensation and benefits expense (29) 7 (22) (55) 13 (42) (12) 3 (9) Net realized (gains) losses reclassified into earnings 303 (77) 226 (221) 61 (160) (6) 2 (4) Net change (13,408) 3,353 (10,055) (3,070) 764 (2,306) 1,092 (266) 826 Employee benefit plans: Net increase (decrease) in fair value (1,103) 276 (827) 463 (72) 391 (381) 80 (301) Net actuarial losses and other reclassified into earnings (2) 198 (49) 149 295 (67) 228 261 (63) 198 Settlements, curtailments and other 11 — 11 5 — 5 5 — 5 Net change (894) 227 (667) 763 (139) 624 (115) 17 (98) Foreign currency: Net increase (decrease) in fair value 332 (390) (58) 296 (341) (45) (251) 199 (52) Net realized (gains) losses reclassified into earnings (1) — 1 1 (5) 5 — (1) 1 — Net change 332 (389) (57) 291 (336) (45) (252) 200 (52) Total other comprehensive income (loss) $ (21,001) $ 4,949 $ (16,052) $ (4,325) $ 877 $ (3,448) $ 6,483 $ (1,506) $ 4,977 (1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income. (2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
Earnings Per Common Share (Tables)	Dec. 31, 2022
Earnings Per Share [Abstract]
Calculation of earnings per common share and diluted earnings per common share	The calculation of EPS and diluted EPS for 2022, 2021 and 2020 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles. (In millions, except per share information) 2022 2021 2020 Earnings per common share Net income $ 27,528 $ 31,978 $ 17,894 Preferred stock dividends and other (1,513) (1,421) (1,421) Net income applicable to common shareholders $ 26,015 $ 30,557 $ 16,473 Average common shares issued and outstanding 8,113.7 8,493.3 8,753.2 Earnings per common share $ 3.21 $ 3.60 $ 1.88 Diluted earnings per common share Net income applicable to common shareholders $ 26,015 $ 30,557 $ 16,473 Average common shares issued and outstanding 8,113.7 8,493.3 8,753.2 Dilutive potential common shares (1) 53.8 65.1 43.7 Total diluted average common shares issued and outstanding 8,167.5 8,558.4 8,796.9 Diluted earnings per common share $ 3.19 $ 3.57 $ 1.87 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants.

Regulatory Requirements and R_2

Regulatory Requirements and Restrictions (Tables)	12 Months Ended
Regulatory Requirements and Restrictions (Tables)	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The table below presents capital ratios and related information in accordance with Basel 3 Standardized and Advanced approaches as measured at December 31, 2022 and 2021 for the Corporation and BANA. Regulatory Capital under Basel 3 Bank of America Corporation Bank of America, N.A. Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (2) Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (3) (Dollars in millions, except as noted) December 31, 2022 Risk-based capital metrics: Common equity tier 1 capital $ 180,060 $ 180,060 $ 181,089 $ 181,089 Tier 1 capital 208,446 208,446 181,089 181,089 Total capital (4) 238,773 230,916 194,254 186,648 Risk-weighted assets (in billions) 1,605 1,411 1,386 1,087 Common equity tier 1 capital ratio 11.2 % 12.8 % 10.4 % 13.1 % 16.7 % 7.0 % Tier 1 capital ratio 13.0 14.8 11.9 13.1 16.7 8.5 Total capital ratio 14.9 16.4 13.9 14.0 17.2 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 2,997 $ 2,997 $ 2,358 $ 2,358 Tier 1 leverage ratio 7.0 % 7.0 % 4.0 7.7 % 7.7 % 5.0 Supplementary leverage exposure (in billions) $ 3,523 $ 2,785 Supplementary leverage ratio 5.9 % 5.0 6.5 % 6.0 December 31, 2021 Risk-based capital metrics: Common equity tier 1 capital $ 171,759 $ 171,759 $ 182,526 $ 182,526 Tier 1 capital 196,465 196,465 182,526 182,526 Total capital (4) 227,592 220,616 194,773 188,091 Risk-weighted assets (in billions) 1,618 1,399 1,352 1,048 Common equity tier 1 capital ratio 10.6 % 12.3 % 9.5 % 13.5 % 17.4 % 7.0 % Tier 1 capital ratio 12.1 14.0 11.0 13.5 17.4 8.5 Total capital ratio 14.1 15.8 13.0 14.4 17.9 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 3,087 $ 3,087 $ 2,414 $ 2,414 Tier 1 leverage ratio 6.4 % 6.4 % 4.0 7.6 % 7.6 % 5.0 Supplementary leverage exposure (in billions) $ 3,604 $ 2,824 Supplementary leverage ratio 5.5 % 5.0 6.5 % 6.0 (1) As of December 31, 2022 and 2021, capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of the current expected credit losses accounting standard on January 1, 2020. (2) The capital conservation buffer and global systemically important bank (G-SIB) surcharge were 2.5 percent at both December 31, 2022 and 2021. The Corporation’s stress capital buffer applied in place of the capital conservation buffer under the Standardized approach was 3.4 percent at December 31, 2022 and 2.5 percent at December 31, 2021. The countercyclical capital buffer for both periods was zero. The CET1 capital regulatory minimum is the sum of the CET1 capital ratio minimum of 4.5 percent, the Corporation’s G-SIB surcharge of 2.5 percent and the Corporation’s capital conservation buffer of 2.5 percent or the SCB, as applicable, of 3.4 percent at December 31, 2022 and 2.5 percent at December 31, 2021. The SLR regulatory minimum includes a leverage buffer of 2.0 percent. (3) Risk-based capital regulatory minimums at December 31, 2022 and 2021 are the minimum ratios under Basel 3, including a capital conservation buffer of 2.5 percent. The regulatory minimums for the leverage ratios as of both period ends are the percent required to be considered well capitalized under the PCA framework. (4) Total capital under the Advanced approaches differs from the Standardized approach due to differences in the amount permitted in Tier 2 capital related to the qualifying allowance for credit losses. (5) Reflects total average assets adjusted for certain Tier 1 capital deductions.

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	12 Months Ended
Stock-based Compensation Plans (Tables)	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The table below presents the status at December 31, 2022 of the share-settled restricted stock and restricted stock units and changes during 2022. Stock-settled Restricted Stock and Restricted Stock Units Shares/Units Weighted- Outstanding at January 1, 2022 185,050,842 $ 31.54 Granted 100,108,395 46.10 Vested (73,288,792) 30.85 Canceled (9,310,647) 39.80 Outstanding at December 31, 2022 202,559,798 38.60

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense for 2022, 2021 and 2020 are presented in the table below. Income Tax Expense (Dollars in millions) 2022 2021 2020 Current income tax expense U.S. federal $ 1,157 $ 1,076 $ 1,092 U.S. state and local 389 775 1,076 Non-U.S. 1,156 985 670 Total current expense 2,702 2,836 2,838 Deferred income tax expense U.S. federal 110 962 (799) U.S. state and local 254 491 (233) Non-U.S. 375 (2,291) (705) Total deferred expense 739 (838) (1,737) Total income tax expense $ 3,441 $ 1,998 $ 1,101
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the expected U.S. federal income tax expense, calculated by applying the federal statutory tax rate, to the Corporation’s actual income tax expense, and the effective tax rates for 2022, 2021 and 2020 are presented in the following table. Reconciliation of Income Tax Expense Amount Percent Amount Percent Amount Percent (Dollars in millions) 2022 2021 2020 Expected U.S. federal income tax expense $ 6,504 21.0 % $ 7,135 21.0 % $ 3,989 21.0 % Increase (decrease) in taxes resulting from: State tax expense, net of federal benefit 756 2.4 1,087 3.2 728 3.8 Affordable housing/energy/other credits (3,698) (11.9) (3,795) (11.2) (2,869) (15.1) Tax-exempt income, including dividends (273) (0.9) (352) (1.0) (346) (1.8) Changes in prior-period UTBs, including interest (273) (0.9) (155) (0.5) (41) (0.2) Rate differential on non-U.S. earnings 368 1.2 45 0.1 218 1.1 Nondeductible expenses 352 1.1 206 0.6 324 1.7 Tax law changes 186 0.6 (2,050) (6.0) (699) (3.7) Other (481) (1.5) (123) (0.3) (203) (1.0) Total income tax expense $ 3,441 11.1 % $ 1,998 5.9 % $ 1,101 5.8 %
Reconciliation of Change in Unrecognized Tax Benefits	The reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below. Reconciliation of the Change in Unrecognized Tax Benefits (Dollars in millions) 2022 2021 2020 Balance, January 1 $ 1,322 $ 1,340 $ 1,175 Increases related to positions taken during the current year 121 208 238 Increases related to positions taken during prior years (1) 167 265 99 Decreases related to positions taken during prior years (1) (289) (413) (172) Settlements (99) (23) — Expiration of statute of limitations (166) (55) — Balance, December 31 $ 1,056 $ 1,322 $ 1,340 (1) The sum of the positions taken during prior years differs from the $(273) million, $(155) million and $(41) million in the Reconciliation of Income Tax Expense table due to temporary items, state items and jurisdictional offsets, as well as the inclusion of interest in the Reconciliation of Income Tax Expense table.
Summary of Income Tax Examinations	The table below summarizes the status of examinations by major jurisdiction for the Corporation and various subsidiaries at December 31, 2022. Tax Examination Status Years under Examination (1) Status at December 31 2022 United States 2017-2021 Field Examination California 2012-2014 Appeals California 2015-2017 Field Examination California 2018-2020 To begin in 2023 New York 2019-2021 To begin in 2023 United Kingdom (2) 2019-2020 Field Examination (1) All tax years subsequent to the years shown remain subject to examination. (2) Field examination for tax year 2021 to begin in 2023.
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Corporation’s net deferred tax assets and liabilities at December 31, 2022 and 2021 are presented in the following table. Deferred Tax Assets and Liabilities December 31 (Dollars in millions) 2022 2021 Deferred tax assets Net operating loss carryforwards $ 9,029 $ 9,360 Security, loan and debt valuations 4,788 2,746 Allowance for credit losses 3,503 3,097 Lease liability 2,443 2,508 Employee compensation and retirement benefits 1,625 1,392 Accrued expenses 1,143 1,626 Available-for-sale securities 960 — Credit carryforwards 769 705 Other 1,371 1,160 Gross deferred tax assets 25,631 22,594 Valuation allowance (2,133) (1,988) Total deferred tax assets, net of valuation 23,498 20,606 Deferred tax liabilities Equipment lease financing 2,432 3,083 Right-of-use asset 2,303 2,358 ESG-related tax credit investments 1,759 1,387 Fixed Assets 1,200 2,082 Available-for-sale securities — 1,016 Other 2,459 1,527 Gross deferred tax liabilities 10,153 11,453 Net deferred tax assets $ 13,345 $ 9,153
Schedule of Operating Loss Carryforwards	The table below summarizes the deferred tax assets and related valuation allowances recognized for the net operating loss (NOL) and tax credit carryforwards at December 31, 2022. Net Operating Loss and Tax Credit Carryforward Deferred Tax Assets (Dollars in millions) Deferred Valuation Net First Year Net operating losses - U.K. (1) $ 7,661 $ — $ 7,661 None Net operating losses - other non-U.S. 331 (147) 184 Various Net operating losses - U.S. states (2) 1,036 (627) 409 Various Foreign tax credits 769 (769) — After 2028 (1) Represents U.K. broker-dealer net operating losses that may be carried forward indefinitely. (2) The net operating losses and related valuation allowances for U.S. states before considering the benefit of federal deductions were $1.3 billion and $794 million.
Summary of Tax Credit Carryforwards	The table below summarizes the deferred tax assets and related valuation allowances recognized for the net operating loss (NOL) and tax credit carryforwards at December 31, 2022. Net Operating Loss and Tax Credit Carryforward Deferred Tax Assets (Dollars in millions) Deferred Valuation Net First Year Net operating losses - U.K. (1) $ 7,661 $ — $ 7,661 None Net operating losses - other non-U.S. 331 (147) 184 Various Net operating losses - U.S. states (2) 1,036 (627) 409 Various Foreign tax credits 769 (769) — After 2028 (1) Represents U.K. broker-dealer net operating losses that may be carried forward indefinitely. (2) The net operating losses and related valuation allowances for U.S. states before considering the benefit of federal deductions were $1.3 billion and $794 million.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Carried at Fair Value on a Recurring Basis	Assets and liabilities carried at fair value on a recurring basis at December 31, 2022 and 2021, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. December 31, 2022 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 868 $ — $ — $ — $ 868 Federal funds sold and securities borrowed or purchased under agreements to resell — 146,999 — — 146,999 Trading account assets: U.S. Treasury and government agencies 58,894 212 — — 59,106 Corporate securities, trading loans and other — 46,897 2,384 — 49,281 Equity securities 77,868 35,065 145 — 113,078 Non-U.S. sovereign debt 7,392 26,306 518 — 34,216 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 28,563 34 — 28,597 Mortgage trading loans, ABS and other MBS — 10,312 1,518 — 11,830 Total trading account assets (2) 144,154 147,355 4,599 — 296,108 Derivative assets 14,775 380,380 3,213 (349,726) 48,642 AFS debt securities: U.S. Treasury and government agencies 158,102 920 — — 159,022 Mortgage-backed securities: Agency — 23,442 — — 23,442 Agency-collateralized mortgage obligations — 2,221 — — 2,221 Non-agency residential — 128 258 — 386 Commercial — 6,407 — — 6,407 Non-U.S. securities — 13,212 195 — 13,407 Other taxable securities — 4,645 — — 4,645 Tax-exempt securities — 11,207 51 — 11,258 Total AFS debt securities 158,102 62,182 504 — 220,788 Other debt securities carried at fair value: U.S. Treasury and government agencies 561 — — — 561 Non-agency residential MBS — 248 119 — 367 Non-U.S. and other securities 3,027 5,251 — — 8,278 Total other debt securities carried at fair value 3,588 5,499 119 — 9,206 Loans and leases — 5,518 253 — 5,771 Loans held-for-sale — 883 232 — 1,115 Other assets (3) 6,898 897 1,799 — 9,594 Total assets (4) $ 328,385 $ 749,713 $ 10,719 $ (349,726) $ 739,091 Liabilities Interest-bearing deposits in U.S. offices $ — $ 311 $ — $ — $ 311 Federal funds purchased and securities loaned or sold under agreements to repurchase — 151,708 — — 151,708 Trading account liabilities: U.S. Treasury and government agencies 13,906 181 — — 14,087 Equity securities 36,937 4,825 — — 41,762 Non-U.S. sovereign debt 9,636 8,228 — — 17,864 Corporate securities and other — 6,628 58 — 6,686 Total trading account liabilities 60,479 19,862 58 — 80,399 Derivative liabilities 15,431 376,979 6,106 (353,700) 44,816 Short-term borrowings — 818 14 — 832 Accrued expenses and other liabilities 7,458 2,262 32 — 9,752 Long-term debt — 32,208 862 — 33,070 Total liabilities (4) $ 83,368 $ 584,148 $ 7,072 $ (353,700) $ 320,888 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $16.6 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $40 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $1.0 billion, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.35 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.25 percent of total consolidated liabilities. December 31, 2021 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 707 $ — $ — $ — $ 707 Federal funds sold and securities borrowed or purchased under agreements to resell — 150,665 — — 150,665 Trading account assets: U.S. Treasury and government agencies 44,599 803 — — 45,402 Corporate securities, trading loans and other — 31,601 2,110 — 33,711 Equity securities 61,425 38,383 190 — 99,998 Non-U.S. sovereign debt 3,822 25,612 396 — 29,830 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 25,645 109 — 25,754 Mortgage trading loans, ABS and other MBS — 10,967 1,418 — 12,385 Total trading account assets (2) 109,846 133,011 4,223 — 247,080 Derivative assets 34,748 310,581 3,133 (313,118) 35,344 AFS debt securities: U.S. Treasury and government agencies 198,071 1,074 — — 199,145 Mortgage-backed securities: Agency — 46,339 — — 46,339 Agency-collateralized mortgage obligations — 3,380 — — 3,380 Non-agency residential — 267 316 — 583 Commercial — 19,604 — — 19,604 Non-U.S. securities — 11,933 — — 11,933 Other taxable securities — 2,690 71 — 2,761 Tax-exempt securities — 15,381 52 — 15,433 Total AFS debt securities 198,071 100,668 439 — 299,178 Other debt securities carried at fair value: U.S. Treasury and government agencies 575 — — — 575 Non-agency residential MBS — 343 242 — 585 Non-U.S. and other securities 2,580 5,155 — — 7,735 Total other debt securities carried at fair value 3,155 5,498 242 — 8,895 Loans and leases — 7,071 748 — 7,819 Loans held-for-sale — 4,138 317 — 4,455 Other assets (3) 7,657 2,915 1,572 — 12,144 Total assets (4) $ 354,184 $ 714,547 $ 10,674 $ (313,118) $ 766,287 Liabilities Interest-bearing deposits in U.S. offices $ — $ 408 $ — $ — $ 408 Federal funds purchased and securities loaned or sold under agreements to repurchase — 139,641 — — 139,641 Trading account liabilities: U.S. Treasury and government agencies 19,826 313 — — 20,139 Equity securities 41,744 6,491 — — 48,235 Non-U.S. sovereign debt 10,400 13,781 — — 24,181 Corporate securities and other — 8,124 11 — 8,135 Total trading account liabilities 71,970 28,709 11 — 100,690 Derivative liabilities 35,282 314,380 5,795 (317,782) 37,675 Short-term borrowings — 4,279 — — 4,279 Accrued expenses and other liabilities 8,359 3,130 — — 11,489 Long-term debt — 28,633 1,075 — 29,708 Total liabilities (4) $ 115,611 $ 519,180 $ 6,881 $ (317,782) $ 323,890 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $10.6 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $752 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs of $818 million, which are classified as Level 3 assets. (4) Total recurring Level 3 assets were 0.34 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.24 percent of total consolidated liabilities.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2022, 2021 and 2020, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Year Ended December 31, 2022 Trading account assets: Corporate securities, trading loans and other 2,110 (52) (2) 1,069 (384) — (606) 1,023 (774) 2,384 (78) Equity securities 190 (3) — 45 (25) — (4) 38 (96) 145 (6) Non-U.S. sovereign debt 396 59 16 54 (4) — (68) 75 (10) 518 56 Mortgage trading loans, MBS and ABS 1,527 (254) — 729 (665) — (112) 536 (209) 1,552 (152) Total trading account assets 4,223 (250) 14 1,897 (1,078) — (790) 1,672 (1,089) 4,599 (180) Net derivative assets (liabilities) (4) (2,662) 551 — 319 (830) — 294 (180) (385) (2,893) 259 AFS debt securities: Non-agency residential MBS 316 — (35) — (8) — (75) 73 (13) 258 — Non-U.S. and other taxable securities 71 10 (10) 126 — — (22) 311 (291) 195 1 Tax-exempt securities 52 — 1 — — — (3) 1 — 51 — Total AFS debt securities 439 10 (44) 126 (8) — (100) 385 (304) 504 1 Other debt securities carried at fair value – Non-agency residential MBS 242 (19) — — — — (111) 30 (23) 119 14 Loans and leases (5,6) 748 (45) — — (154) 82 (129) — (249) 253 (21) Loans held-for-sale (5,6) 317 9 4 171 (6) — (271) 8 — 232 19 Other assets (6,7) 1,572 305 (21) 39 (35) 208 (271) 5 (3) 1,799 213 Trading account liabilities – Corporate securities and other (11) 5 — (4) — — (2) (46) — (58) 1 Short-term borrowings (5) — 3 — — (17) — — (3) 3 (14) 2 Accrued expenses and other liabilities (5) — (23) — (9) — — — — — (32) (7) Long-term debt (5) (1,075) (197) 82 — 14 (1) 57 (24) 282 (862) (200) Year Ended December 31, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,359 $ (17) $ — $ 765 $ (437) $ — $ (327) $ 1,218 $ (451) $ 2,110 $ (79) Equity securities 227 (18) — 103 (68) — — 112 (166) 190 (44) Non-U.S. sovereign debt 354 31 (20) 18 — — (13) 26 — 396 34 Mortgage trading loans, MBS and ABS 1,440 (58) — 518 (721) 7 (167) 771 (263) 1,527 (91) Total trading account assets 3,380 (62) (20) 1,404 (1,226) 7 (507) 2,127 (880) 4,223 (180) Net derivative assets (liabilities) (4) (3,468) 927 — 521 (653) — 293 (74) (208) (2,662) 800 AFS debt securities: Non-agency residential MBS 378 (11) (111) — (98) — (45) 304 (101) 316 8 Non-U.S. and other taxable securities 89 (4) (7) 8 (10) — (4) — (1) 71 — Tax-exempt securities 176 20 — — — — (2) — (142) 52 (19) Total AFS debt securities 643 5 (118) 8 (108) — (51) 304 (244) 439 (11) Other debt securities carried at fair value – Non-agency residential MBS 267 1 — — (45) — (37) 101 (45) 242 10 Loans and leases (5,6) 717 62 — 59 (13) 70 (180) 46 (13) 748 65 Loans held-for-sale (5,6) 236 13 (6) 132 (1) — (79) 26 (4) 317 18 Other assets (6,7) 1,970 7 3 26 (202) 144 (383) 9 (2) 1,572 3 Trading account liabilities – Corporate securities and other (16) 6 — — — (1) — — — (11) — Long-term debt (5) (1,164) (92) 13 (6) 15 (12) 98 (65) 138 (1,075) (113) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income (3) Includes unrealized gains (losses) in OCI (4) Net derivative assets (liabilities) include derivative assets of $3.2 billion and $3.1 billion and derivative liabilities of $6.1 billion and $5.8 billion at December 31, 2022 and 2021. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. Level 3 – Fair Value Measurements (1) (Dollars in millions) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) Purchases Sales Issuances Settlements Year Ended December 31, 2020 Trading account assets: Corporate securities, trading loans and other $ 1,507 $ (138) $ (1) $ 430 $ (242) $ 10 $ (282) $ 639 $ (564) $ 1,359 $ (102) Equity securities 239 (43) — 78 (53) — (3) 58 (49) 227 (31) Non-U.S. sovereign debt 482 45 (46) 76 (61) — (39) 150 (253) 354 47 Mortgage trading loans, MBS and ABS 1,553 (120) (3) 577 (746) 11 (96) 757 (493) 1,440 (92) Total trading account assets 3,781 (256) (50) 1,161 (1,102) 21 (420) 1,604 (1,359) 3,380 (178) Net derivative assets (liabilities) (4) (2,538) (235) — 120 (646) — (112) (235) 178 (3,468) (953) AFS debt securities: Non-agency residential MBS 424 (2) 3 23 (54) — (44) 158 (130) 378 (2) Non-U.S. and other taxable securities 67 1 — 9 (5) — (1) 18 — 89 1 Tax-exempt securities 108 (21) 3 — — — (169) 265 (10) 176 (20) Total AFS debt securities 599 (22) 6 32 (59) — (214) 441 (140) 643 (21) Other debt securities carried at fair value - Non-agency residential MBS 299 26 — — (180) — (24) 190 (44) 267 3 Loans and leases (5,6) 693 (4) — 145 (76) 22 (161) 98 — 717 9 Loans held-for-sale (5,6) 375 26 (28) — (489) 691 (119) 93 (313) 236 (5) Other assets (6,7) 2,360 (288) 3 178 (4) 224 (506) 5 (2) 1,970 (374) Trading account liabilities – Equity securities (2) 1 — — — — — — 1 — — Trading account liabilities – Corporate securities and other (15) 8 — (7) (3) — 1 — — (16) — Long-term debt (5) (1,149) (46) 2 (104) — (47) 218 (52) 14 (1,164) (5) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - market making and similar activities and other income related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized losses in OCI on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $41 million related to financial instruments still held at December 31, 2020. (4) Net derivative assets (liabilities) include derivative assets of $2.8 billion and derivative liabilities of $6.2 billion. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2022, 2021 and 2020, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Year Ended December 31, 2022 Trading account assets: Corporate securities, trading loans and other 2,110 (52) (2) 1,069 (384) — (606) 1,023 (774) 2,384 (78) Equity securities 190 (3) — 45 (25) — (4) 38 (96) 145 (6) Non-U.S. sovereign debt 396 59 16 54 (4) — (68) 75 (10) 518 56 Mortgage trading loans, MBS and ABS 1,527 (254) — 729 (665) — (112) 536 (209) 1,552 (152) Total trading account assets 4,223 (250) 14 1,897 (1,078) — (790) 1,672 (1,089) 4,599 (180) Net derivative assets (liabilities) (4) (2,662) 551 — 319 (830) — 294 (180) (385) (2,893) 259 AFS debt securities: Non-agency residential MBS 316 — (35) — (8) — (75) 73 (13) 258 — Non-U.S. and other taxable securities 71 10 (10) 126 — — (22) 311 (291) 195 1 Tax-exempt securities 52 — 1 — — — (3) 1 — 51 — Total AFS debt securities 439 10 (44) 126 (8) — (100) 385 (304) 504 1 Other debt securities carried at fair value – Non-agency residential MBS 242 (19) — — — — (111) 30 (23) 119 14 Loans and leases (5,6) 748 (45) — — (154) 82 (129) — (249) 253 (21) Loans held-for-sale (5,6) 317 9 4 171 (6) — (271) 8 — 232 19 Other assets (6,7) 1,572 305 (21) 39 (35) 208 (271) 5 (3) 1,799 213 Trading account liabilities – Corporate securities and other (11) 5 — (4) — — (2) (46) — (58) 1 Short-term borrowings (5) — 3 — — (17) — — (3) 3 (14) 2 Accrued expenses and other liabilities (5) — (23) — (9) — — — — — (32) (7) Long-term debt (5) (1,075) (197) 82 — 14 (1) 57 (24) 282 (862) (200) Year Ended December 31, 2021 Trading account assets: Corporate securities, trading loans and other $ 1,359 $ (17) $ — $ 765 $ (437) $ — $ (327) $ 1,218 $ (451) $ 2,110 $ (79) Equity securities 227 (18) — 103 (68) — — 112 (166) 190 (44) Non-U.S. sovereign debt 354 31 (20) 18 — — (13) 26 — 396 34 Mortgage trading loans, MBS and ABS 1,440 (58) — 518 (721) 7 (167) 771 (263) 1,527 (91) Total trading account assets 3,380 (62) (20) 1,404 (1,226) 7 (507) 2,127 (880) 4,223 (180) Net derivative assets (liabilities) (4) (3,468) 927 — 521 (653) — 293 (74) (208) (2,662) 800 AFS debt securities: Non-agency residential MBS 378 (11) (111) — (98) — (45) 304 (101) 316 8 Non-U.S. and other taxable securities 89 (4) (7) 8 (10) — (4) — (1) 71 — Tax-exempt securities 176 20 — — — — (2) — (142) 52 (19) Total AFS debt securities 643 5 (118) 8 (108) — (51) 304 (244) 439 (11) Other debt securities carried at fair value – Non-agency residential MBS 267 1 — — (45) — (37) 101 (45) 242 10 Loans and leases (5,6) 717 62 — 59 (13) 70 (180) 46 (13) 748 65 Loans held-for-sale (5,6) 236 13 (6) 132 (1) — (79) 26 (4) 317 18 Other assets (6,7) 1,970 7 3 26 (202) 144 (383) 9 (2) 1,572 3 Trading account liabilities – Corporate securities and other (16) 6 — — — (1) — — — (11) — Long-term debt (5) (1,164) (92) 13 (6) 15 (12) 98 (65) 138 (1,075) (113) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income (3) Includes unrealized gains (losses) in OCI (4) Net derivative assets (liabilities) include derivative assets of $3.2 billion and $3.1 billion and derivative liabilities of $6.1 billion and $5.8 billion at December 31, 2022 and 2021. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. Level 3 – Fair Value Measurements (1) (Dollars in millions) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) Purchases Sales Issuances Settlements Year Ended December 31, 2020 Trading account assets: Corporate securities, trading loans and other $ 1,507 $ (138) $ (1) $ 430 $ (242) $ 10 $ (282) $ 639 $ (564) $ 1,359 $ (102) Equity securities 239 (43) — 78 (53) — (3) 58 (49) 227 (31) Non-U.S. sovereign debt 482 45 (46) 76 (61) — (39) 150 (253) 354 47 Mortgage trading loans, MBS and ABS 1,553 (120) (3) 577 (746) 11 (96) 757 (493) 1,440 (92) Total trading account assets 3,781 (256) (50) 1,161 (1,102) 21 (420) 1,604 (1,359) 3,380 (178) Net derivative assets (liabilities) (4) (2,538) (235) — 120 (646) — (112) (235) 178 (3,468) (953) AFS debt securities: Non-agency residential MBS 424 (2) 3 23 (54) — (44) 158 (130) 378 (2) Non-U.S. and other taxable securities 67 1 — 9 (5) — (1) 18 — 89 1 Tax-exempt securities 108 (21) 3 — — — (169) 265 (10) 176 (20) Total AFS debt securities 599 (22) 6 32 (59) — (214) 441 (140) 643 (21) Other debt securities carried at fair value - Non-agency residential MBS 299 26 — — (180) — (24) 190 (44) 267 3 Loans and leases (5,6) 693 (4) — 145 (76) 22 (161) 98 — 717 9 Loans held-for-sale (5,6) 375 26 (28) — (489) 691 (119) 93 (313) 236 (5) Other assets (6,7) 2,360 (288) 3 178 (4) 224 (506) 5 (2) 1,970 (374) Trading account liabilities – Equity securities (2) 1 — — — — — — 1 — — Trading account liabilities – Corporate securities and other (15) 8 — (7) (3) — 1 — — (16) — Long-term debt (5) (1,149) (46) 2 (104) — (47) 218 (52) 14 (1,164) (5) (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains/losses reported in earnings in the following income statement line items: Trading account assets/liabilities - predominantly market making and similar activities; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - other income; Other assets - market making and similar activities and other income related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized losses in OCI on AFS debt securities, foreign currency translation adjustments and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $41 million related to financial instruments still held at December 31, 2020. (4) Net derivative assets (liabilities) include derivative assets of $2.8 billion and derivative liabilities of $6.2 billion. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time.
Fair Value Measurement Inputs and Valuation Techniques	The following tables present information about significant unobservable inputs related to the Corporation’s material categories of Level 3 financial assets and liabilities at December 31, 2022 and 2021. Quantitative Information about Level 3 Fair Value Measurements at December 31, 2022 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 852 Discounted cash flow, Market comparables Yield 0% to 25% 10 % Trading account assets – Mortgage trading loans, MBS and ABS 338 Prepayment speed 0% to 29% CPR 12% CPR Loans and leases 137 Default rate 0% to 3% CDR 1% CDR AFS debt securities – Non-agency residential 258 Price $0 to $111 $26 Other debt securities carried at fair value – Non-agency residential 119 Loss severity 0% to 100% 24 % Instruments backed by commercial real estate assets $ 362 Discounted cash Yield 0% to 25% 10 % Trading account assets – Corporate securities, trading loans and other 292 Price $0 to $100 $75 Trading account assets – Mortgage trading loans, MBS and ABS 66 Loans held-for-sale 4 Commercial loans, debt securities and other $ 4,348 Discounted cash flow, Market comparables Yield 5% to 43% 15 % Trading account assets – Corporate securities, trading loans and other 2,092 Prepayment speed 10% to 20% 15 % Trading account assets – Non-U.S. sovereign debt 518 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,148 Loss severity 35% to 40% 38 % AFS debt securities – Tax-exempt securities 51 Price $0 to $157 $75 AFS debt securities – Non-U.S. and other taxable securities 195 Loans and leases 116 Loans held-for-sale 228 Other assets, primarily auction rate securities $ 779 Discounted cash flow, Market comparables Price $10 to $97 $94 Discount rate 11 % n/a MSRs $ 1,020 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 6 years Weighted-average life, variable rate (5) 0 to 12 years 4 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (862) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 22% to 43% 23 % Equity correlation 0% to 95% 69 % Price $0 to $119 $90 Natural gas forward price $3/MMBtu to $13/MMBtu $9 /MMBtu Net derivative assets (liabilities) Credit derivatives $ (44) Discounted cash flow, Stochastic recovery correlation model Credit spreads 3 to 63 bps 22 bps Upfront points 0 to 100 points 83 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 18% to 53% 44 % Price $0 to $151 $63 Equity derivatives $ (1,534) Industry standard derivative pricing (3) Equity correlation 0% to 100% 73 % Long-dated equity volatilities 4% to 101% 44 % Commodity derivatives $ (291) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $3/MMBtu to $13/MMBtu $8 /MMBtu Power forward price $9 to $123 $43 Interest rate derivatives $ (1,024) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 89% 67 % Correlation (FX/IR) 11% to 58% 43 % Long-dated inflation rates 0% to 39% 1 % Long-dated inflation volatilities 0% to 5% 2 % Interest rate volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,893) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 150: Trading account assets – Corporate securities, trading loans and other of $2.4 billion, Trading account assets – Non-U.S. sovereign debt of $518 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.6 billion, AFS debt securities of $504 million, Other debt securities carried at fair value - Non-agency residential of $119 million, Other assets, including MSRs, of $1.8 billion, Loans and leases of $253 million and LHFS of $232 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Quantitative Information about Level 3 Fair Value Measurements at December 31, 2021 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 1,269 Discounted cash Yield 0% to 25% 6 % Trading account assets – Mortgage trading loans, MBS and ABS 338 Prepayment speed 1% to 40% CPR 19% CPR Loans and leases 373 Default rate 0% to 3% CDR 1% CDR AFS debt securities - Non-agency residential 316 Price $0 to $168 $92 Other debt securities carried at fair value - Non-agency residential 242 Loss severity 0% to 43% 13 % Instruments backed by commercial real estate assets $ 298 Discounted cash Yield 0% to 25% 4 % Trading account assets – Corporate securities, trading loans and other 138 Price $0 to $101 $57 Trading account assets – Mortgage trading loans, MBS and ABS 77 AFS debt securities – Non-U.S. and other taxable securities 71 Loans held-for-sale 12 Commercial loans, debt securities and other $ 4,212 Discounted cash flow, Market comparables Yield 0% to 19% 10 % Trading account assets – Corporate securities, trading loans and other 1,972 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 396 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,112 Loss severity 35% to 40% 37 % AFS debt securities – Tax-exempt securities 52 Price $0 to $189 $73 Loans and leases 375 Long-dated equity volatilities 45% n/a Loans held-for-sale 305 Other assets, primarily auction rate securities $ 754 Discounted cash flow, Market comparables Price $10 to $96 $91 Discount rate 9% n/a MSRs $ 818 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 4 years Weighted-average life, variable rate (5) 0 to 10 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (1,075) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 0% to 19% 18 % Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Price $0 to $125 $82 Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Net derivative assets (liabilities) Credit derivatives $ (104) Discounted cash flow, Stochastic recovery correlation model Credit spreads 7 to 155 bps 61 bps Upfront points 16 to 100 points 68 points Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 20% to 60% 55 % Price $0 to $120 $53 Equity derivatives $ (1,710) Industry standard derivative pricing (3) Equity correlation 3% to 100% 80 % Long-dated equity volatilities 5% to 78% 36 % Commodity derivatives $ (976) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $2/MMBtu to $8/MMBtu $4/MMBtu Correlation 65% to 85% 76 % Power forward price $11 to $103 $32 Volatilities 41% to 69% 63 % Interest rate derivatives $ 128 Industry standard derivative pricing (4) Correlation (IR/IR) (1)% to 90% 54 % Correlation (FX/IR) (1)% to 58% 44 % Long-dated inflation rates G (10)% to 11% 3 % Long-dated inflation volatilities 0% to 2% 2 % Interest rates volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,662) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 151: Trading account assets – Corporate securities, trading loans and other of $2.1 billion, Trading account assets – Non-U.S. sovereign debt of $396 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.5 billion, AFS debt securities of $439 million, Other debt securities carried at fair value - Non-agency residential of $242 million, Other assets, including MSRs, of $1.6 billion, Loans and leases of $748 million and LHFS of $317 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable
Fair Value Measurements, Nonrecurring	The amounts below represent assets still held as of the reporting date for which a nonrecurring fair value adjustment was recorded during 2022, 2021, and 2020. Assets Measured at Fair Value on a Nonrecurring Basis December 31, 2022 December 31, 2021 (Dollars in millions) Level 2 Level 3 Level 2 Level 3 Assets Loans held-for-sale $ 1,979 $ 3,079 $ 634 $ 24 Loans and leases (1) — 166 — 213 Foreclosed properties (2, 3) — 7 — 5 Other assets 88 165 256 2,046 Gains (Losses) 2022 2021 2020 Assets Loans held-for-sale $ (387) $ (44) $ (79) Loans and leases (1) (48) (60) (73) Foreclosed properties (6) (2) (6) Other assets (91) (492) (98) (1) Includes $15 million, $24 million and $30 million of losses on loans that were written down to a collateral value of zero during 2022, 2021 and 2020, respectively. (2) Amounts are included in other assets on the Consolidated Balance Sheet and represent the carrying value of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. Losses on foreclosed properties include losses recorded during the first 90 days after transfer of a loan to foreclosed properties. (3) Excludes $60 million and $52 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at December 31, 2022 and 2021.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The table below presents information about significant unobservable inputs utilized in the Corporation's nonrecurring Level 3 fair value measurements at December 31, 2022 and 2021. Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Significant Unobservable Ranges of Weighted Average (1) (Dollars in millions) Year Ended December 31, 2022 Loans held-for-sale $ 3,079 Pricing model Implied yield 9% to 24% n/a Loans and leases (2) 166 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 165 Discounted cash flow Discount rate 7 % n/a Year Ended December 31, 2021 Loans and leases (2) $ 213 Market comparables OREO discount 13% to 59% 24 % Costs to sell 8% to 26% 9 % Other assets (4) 1,875 Discounted cash flow Discount rate 7% n/a 166 Market comparables Estimated appraisal value n/a n/a (1) The weighted average is calculated based upon the fair value of the loans. (2) Represents residential mortgages where the loan has been written down to the fair value of the underlying collateral. (3) Represents the fair value of certain impaired renewable energy investments. (4) Represents the fair value of certain impaired renewable energy investments and impaired assets related to the Corporation’s real estate rationalization. n/a = not applicable

Fair Value Option (Tables)

Fair Value Option (Tables)	12 Months Ended
Fair Value Option (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Option Elections	The following tables provide information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at December 31, 2022 and 2021, and information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for 2022, 2021 and 2020. Fair Value Option Elections December 31, 2022 December 31, 2021 (Dollars in millions) Fair Value Contractual Fair Value Fair Value Contractual Fair Value Federal funds sold and securities borrowed or purchased under agreements to resell $ 146,999 $ 147,158 $ (159) $ 150,665 $ 150,677 $ (12) Loans reported as trading account assets (1) 10,143 17,682 (7,539) 10,864 18,895 (8,031) Trading inventory – other 20,770 n/a n/a 21,986 n/a n/a Consumer and commercial loans 5,771 5,897 (126) 7,819 7,888 (69) Loans held-for-sale (1) 1,115 1,873 (758) 4,455 5,343 (888) Other assets 620 n/a n/a 544 n/a n/a Long-term deposits 311 381 (70) 408 401 7 Federal funds purchased and securities loaned or sold under agreements to repurchase 151,708 151,885 (177) 139,641 139,682 (41) Short-term borrowings 832 833 (1) 4,279 4,127 152 Unfunded loan commitments 110 n/a n/a 97 n/a n/a Accrued expenses and other liabilities 1,217 1,161 56 — — — Long-term debt 33,070 36,830 (3,760) 29,708 30,903 (1,195) (1) A significant portion of the loans reported as trading account assets and LHFS are distressed loans that were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding. n/a = not applicable Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option Market making Other Total (Dollars in millions) 2022 Loans reported as trading account assets $ (164) $ — $ (164) Trading inventory – other (1) (1,159) — (1,159) Consumer and commercial loans (58) (27) (85) Loans held-for-sale (2) — (304) (304) Short-term borrowings 639 — 639 Unfunded loan commitments — 8 8 Accrued expenses and other liabilities 11 — 11 Long-term debt (3) 4,359 (46) 4,313 Other (4) 74 30 104 Total $ 3,702 $ (339) $ 3,363 2021 Loans reported as trading account assets $ 275 $ — $ 275 Trading inventory – other (1) (211) — (211) Consumer and commercial loans 78 40 118 Loans held-for-sale (2) — 58 58 Short-term borrowings 883 — 883 Long-term debt (3) (604) (41) (645) Other (4) 18 (23) (5) Total $ 439 $ 34 $ 473 2020 Loans reported as trading account assets $ 107 $ — $ 107 Trading inventory – other (1) 3,216 — 3,216 Consumer and commercial loans 22 (3) 19 Loans held-for-sale (2) — 103 103 Short-term borrowings (170) — (170) Unfunded loan commitments — (65) (65) Long-term debt (3) (2,175) (53) (2,228) Other (4) 35 (22) 13 Total $ 1,035 $ (40) $ 995 (1) The gains (losses) in market making and similar activities are primarily offset by (losses) gains on trading liabilities that hedge these assets. (2) Includes the value of IRLCs on funded loans, including those sold during the period. (3) The net gains (losses) in market making and similar activities relate to the embedded derivatives in structured liabilities and are typically offset by (losses) gains on derivatives and securities that hedge these liabilities. For the cumulative impact of changes in the Corporation’s own credit spreads and the amount recognized in accumulated OCI, see Note 14 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements. (4) Includes gains (losses) on federal funds sold and securities borrowed or purchased under agreements to resell, other assets, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase. Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option (Dollars in millions) 2022 2021 2020 Loans reported as trading account assets $ (950) $ 128 $ (172) Consumer and commercial loans (51) 7 (19) Loans held-for-sale (23) 28 (105) Unfunded loan commitments 8 (1) (65)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
Fair Value of Financial Instruments (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Carrying and Fair Value of Financial Instruments	The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at December 31, 2022 and 2021 are presented in the table below. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) December 31, 2022 Financial assets Loans $ 1,014,593 $ 50,194 $ 935,282 $ 985,476 Loans held-for-sale 6,871 3,417 3,455 6,872 Financial liabilities Deposits (1) 1,930,341 1,930,165 — 1,930,165 Long-term debt 275,982 271,993 1,136 273,129 Commercial unfunded lending commitments (2) 1,650 77 6,596 6,673 December 31, 2021 Financial assets Loans $ 946,142 $ 53,544 $ 919,980 $ 973,524 Loans held-for-sale 15,635 15,016 627 15,643 Financial liabilities Deposits (1) 2,064,446 2,064,438 — 2,064,438 Long-term debt 280,117 286,802 1,288 288,090 Commercial unfunded lending commitments (2) 1,554 97 6,384 6,481 (1) Includes demand deposits of $918.9 billion and $1.0 trillion with no stated maturities at December 31, 2022 and 2021. (2) The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 12 – Commitments and Contingencies .

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
Business Segment Information (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The table below presents net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for 2022, 2021 and 2020, and total assets at December 31, 2022, 2021 and 2020 for each business segment, as well as All Other. Results of Business Segments and All Other At and for the year ended December 31 Total Corporation (1) Consumer Banking (Dollars in millions) 2022 2021 2020 2022 2021 2020 Net interest income $ 52,900 $ 43,361 $ 43,859 $ 30,045 $ 24,929 $ 24,698 Noninterest income 42,488 46,179 42,168 8,590 9,076 8,564 Total revenue, net of interest expense 95,388 89,540 86,027 38,635 34,005 33,262 Provision for credit losses 2,543 (4,594) 11,320 1,980 (1,035) 5,765 Noninterest expense 61,438 59,731 55,213 20,077 19,290 18,882 Income before income taxes 31,407 34,403 19,494 16,578 15,750 8,615 Income tax expense 3,879 2,425 1,600 4,062 3,859 2,111 Net income $ 27,528 $ 31,978 $ 17,894 $ 12,516 $ 11,891 $ 6,504 Year-end total assets $ 3,051,375 $ 3,169,495 $ 1,126,453 $ 1,131,142 Global Wealth & Investment Management Global Banking 2022 2021 2020 2022 2021 2020 Net interest income $ 7,466 $ 5,664 $ 5,468 $ 12,184 $ 8,511 $ 9,013 Noninterest income 14,282 15,084 13,116 10,045 12,364 9,974 Total revenue, net of interest expense 21,748 20,748 18,584 22,229 20,875 18,987 Provision for credit losses 66 (241) 357 641 (3,201) 4,897 Noninterest expense 15,490 15,258 14,160 10,966 10,632 9,342 Income before income taxes 6,192 5,731 4,067 10,622 13,444 4,748 Income tax expense 1,517 1,404 996 2,815 3,630 1,282 Net income $ 4,675 $ 4,327 $ 3,071 $ 7,807 $ 9,814 $ 3,466 Year-end total assets $ 368,893 $ 438,275 $ 588,466 $ 638,131 Global Markets All Other 2022 2021 2020 2022 2021 2020 Net interest income $ 3,088 $ 4,011 $ 4,646 $ 117 $ 246 $ 34 Noninterest income 15,050 15,244 14,119 (5,479) (5,589) (3,605) Total revenue, net of interest expense 18,138 19,255 18,765 (5,362) (5,343) (3,571) Provision for credit losses 28 65 251 (172) (182) 50 Noninterest expense 12,420 13,032 11,417 2,485 1,519 1,412 Income (loss) before income taxes 5,690 6,158 7,097 (7,675) (6,680) (5,033) Income tax expense (benefit) 1,508 1,601 1,845 (6,023) (8,069) (4,634) Net income (loss) $ 4,182 $ 4,557 $ 5,252 $ (1,652) $ 1,389 $ (399) Year-end total assets $ 812,489 $ 747,794 $ 155,074 $ 214,153 (1) There were no material intersegment revenues. The tables below present noninterest income and the associated components for 2022, 2021 and 2020 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income . Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & (Dollars in millions) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Fees and commissions: Card income Interchange fees $ 4,096 $ 4,560 $ 3,954 $ 3,239 $ 3,597 $ 3,027 $ 20 $ 43 $ 36 Other card income 1,987 1,658 1,702 1,930 1,575 1,646 50 42 42 Total card income 6,083 6,218 5,656 5,169 5,172 4,673 70 85 78 Service charges Deposit-related fees 5,190 6,271 5,991 2,706 3,538 3,417 65 72 67 Lending-related fees 1,215 1,233 1,150 — — — 8 — — Total service charges 6,405 7,504 7,141 2,706 3,538 3,417 73 72 67 Investment and brokerage services Asset management fees 12,152 12,729 10,708 195 188 146 11,957 12,541 10,578 Brokerage fees 3,749 3,961 3,866 109 132 127 1,604 1,771 1,692 Total investment and brokerage services 15,901 16,690 14,574 304 320 273 13,561 14,312 12,270 Investment banking fees Underwriting income 1,970 5,077 4,698 — — — 189 388 391 Syndication fees 1,070 1,499 861 — — — — — — Financial advisory services 1,783 2,311 1,621 — — — — — — Total investment banking fees 4,823 8,887 7,180 — — — 189 388 391 Total fees and commissions 33,212 39,299 34,551 8,179 9,030 8,363 13,893 14,857 12,806 Market making and similar activities 12,075 8,691 8,355 10 1 2 102 40 63 Other income (loss) (2,799) (1,811) (738) 401 45 199 287 187 247 Total noninterest income $ 42,488 $ 46,179 $ 42,168 $ 8,590 $ 9,076 $ 8,564 $ 14,282 $ 15,084 $ 13,116 Global Banking Global Markets All Other (1) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Fees and commissions: Card income Interchange fees $ 767 $ 700 $ 499 $ 66 $ 220 $ 391 $ 4 $ — $ 1 Other card income 7 13 14 — — — — 28 — Total card income 774 713 513 66 220 391 4 28 1 Service charges Deposit-related fees 2,310 2,508 2,298 101 146 177 8 7 32 Lending-related fees 983 1,015 940 224 218 210 — — — Total service charges 3,293 3,523 3,238 325 364 387 8 7 32 Investment and brokerage services Asset management fees — — — — — — — — (16) Brokerage fees 42 104 74 2,002 1,979 1,973 (8) (25) — Total investment and brokerage services 42 104 74 2,002 1,979 1,973 (8) (25) (16) Investment banking fees Underwriting income 796 2,187 2,070 1,176 2,725 2,449 (191) (223) (212) Syndication fees 565 781 482 505 718 379 — — — Financial advisory services 1,643 2,139 1,458 139 173 163 1 (1) — Total investment banking fees 3,004 5,107 4,010 1,820 3,616 2,991 (190) (224) (212) Total fees and commissions 7,113 9,447 7,835 4,213 6,179 5,742 (186) (214) (195) Market making and similar activities 215 145 103 11,406 8,760 8,471 342 (255) (284) Other income (loss) 2,717 2,772 2,036 (569) 305 (94) (5,635) (5,120) (3,126) Total noninterest income $ 10,045 $ 12,364 $ 9,974 $ 15,050 $ 15,244 $ 14,119 $ (5,479) $ (5,589) $ (3,605) (1) All Other includes eliminations of intercompany transactions. Business Segment Reconciliations (Dollars in millions) 2022 2021 2020 Segments’ total revenue, net of interest expense $ 100,750 $ 94,883 $ 89,598 Adjustments (1) : Asset and liability management activities (164) (4) 375 Liquidating businesses, eliminations and other (5,198) (5,339) (3,946) FTE basis adjustment (438) (427) (499) Consolidated revenue, net of interest expense $ 94,950 $ 89,113 $ 85,528 Segments’ total net income 29,180 30,589 18,293 Adjustments, net-of-tax (1) : Asset and liability management activities (122) 11 279 Liquidating businesses, eliminations and other (1,530) 1,378 (678) Consolidated net income $ 27,528 $ 31,978 $ 17,894 December 31 2022 2021 Segments’ total assets $ 2,896,301 $ 2,955,342 Adjustments (1) : Asset and liability management activities, including securities portfolio 1,133,375 1,363,626 Elimination of segment asset allocations to match liabilities (1,041,793) (1,216,891) Other 63,492 67,418 Consolidated total assets $ 3,051,375 $ 3,169,495 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Parent Company Information (Tab

Parent Company Information (Tables)	12 Months Ended
Parent Company Information (Tables)	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Statement of Income	The following tables present the Parent Company-only financial information. Condensed Statement of Income (Dollars in millions) 2022 2021 2020 Income Dividends from subsidiaries: Bank holding companies and related subsidiaries $ 22,250 $ 15,621 $ 10,352 Interest from subsidiaries 12,420 8,362 8,825 Other income (loss) (201) (114) (138) Total income 34,469 23,869 19,039 Expense Interest on borrowed funds from subsidiaries 236 54 136 Other interest expense 7,041 3,383 4,119 Noninterest expense 1,322 1,531 1,651 Total expense 8,599 4,968 5,906 Income before income taxes and equity in undistributed earnings of subsidiaries 25,870 18,901 13,133 Income tax expense 683 886 649 Income before equity in undistributed earnings of subsidiaries 25,187 18,015 12,484 Equity in undistributed earnings (losses) of subsidiaries: Bank holding companies and related subsidiaries 2,333 14,078 5,372 Nonbank companies and related subsidiaries 8 (115) 38 Total equity in undistributed earnings (losses) of subsidiaries 2,341 13,963 5,410 Net income $ 27,528 $ 31,978 $ 17,894
Balance Sheet	Condensed Balance Sheet December 31 (Dollars in millions) 2022 2021 Assets Cash held at bank subsidiaries $ 9,609 $ 5,011 Securities 617 671 Receivables from subsidiaries: Bank holding companies and related subsidiaries 222,584 217,447 Banks and related subsidiaries 220 347 Nonbank companies and related subsidiaries 978 368 Investments in subsidiaries: Bank holding companies and related subsidiaries 301,207 316,497 Nonbank companies and related subsidiaries 3,770 3,645 Other assets 7,156 8,602 Total assets $ 546,141 $ 552,588 Liabilities and shareholders’ equity Accrued expenses and other liabilities $ 14,193 $ 17,394 Payables to subsidiaries: Banks and related subsidiaries 260 107 Bank holding companies and related subsidiaries 21 3 Nonbank companies and related subsidiaries 14,578 11,564 Long-term debt 243,892 253,454 Total liabilities 272,944 282,522 Shareholders’ equity 273,197 270,066 Total liabilities and shareholders’ equity $ 546,141 $ 552,588
Statement of Cash Flows	Condensed Statement of Cash Flows (Dollars in millions) 2022 2021 2020 Operating activities Net income $ 27,528 $ 31,978 $ 17,894 Reconciliation of net income (loss) to net cash provided by (used in) operating activities: Equity in undistributed (earnings) losses of subsidiaries (2,341) (13,963) (5,410) Other operating activities, net (31,777) (7,144) 14,303 Net cash provided by (used in) operating activities (6,590) 10,871 26,787 Investing activities Net sales (purchases) of securities 25 (14) (4) Net payments to subsidiaries (6,044) (10,796) (33,111) Other investing activities, net (34) (26) (7) Net cash used in investing activities (6,053) (10,836) (33,122) Financing activities Net increase (decrease) in other advances 2,853 503 (422) Proceeds from issuance of long-term debt 44,123 56,106 43,766 Retirement of long-term debt (19,858) (24,544) (23,168) Proceeds from issuance of preferred stock and warrants 4,426 2,170 2,181 Redemption of preferred stock (654) (1,971) (1,072) Common stock repurchased (5,073) (25,126) (7,025) Cash dividends paid (8,576) (8,055) (7,727) Net cash provided by (used in) financing activities 17,241 (917) 6,533 Net increase (decrease) in cash held at bank subsidiaries 4,598 (882) 198 Cash held at bank subsidiaries at January 1 5,011 5,893 5,695 Cash held at bank subsidiaries at December 31 $ 9,609 $ 5,011 $ 5,893

Performance by Geographical A_2

Performance by Geographical Area (Tables)	12 Months Ended
Performance by Geographical Area (Tables)	Dec. 31, 2022
Segments, Geographical Areas [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	Certain asset, liability, income and expense amounts have been allocated to arrive at total assets, total revenue, net of interest expense, income before income taxes and net income by geographic area as presented below. (Dollars in millions) Total Assets at Year End (1) Total Revenue, Net of Interest Expense (2) Income Before Income Taxes Net Income U.S. (3) 2022 $ 2,631,815 $ 82,890 $ 28,135 $ 25,607 2021 2,789,862 78,012 31,392 27,781 2020 75,576 18,247 16,692 Asia 2022 127,399 4,597 1,144 865 2021 117,085 4,439 988 733 2020 4,232 1,051 788 Europe, Middle East and Africa 2022 262,856 6,044 1,121 689 2021 233,356 5,423 1,097 3,134 2020 4,491 (596) 264 Latin America and the Caribbean 2022 29,305 1,419 569 367 2021 29,192 1,239 499 330 2020 1,229 293 150 Total Non-U.S. 2022 419,560 12,060 2,834 1,921 2021 379,633 11,101 2,584 4,197 2020 9,952 748 1,202 Total Consolidated 2022 $ 3,051,375 $ 94,950 $ 30,969 $ 27,528 2021 3,169,495 89,113 33,976 31,978 2020 85,528 18,995 17,894 (1) Total assets include long-lived assets, which are primarily located in the U.S. (2) There were no material intercompany revenues between geographic regions for any of the periods presented. (3) Substantially reflects the U.S.

Summary of Significant Accoun_3

Summary of Significant Accounting Principles - Loans and Leases and Allowance for Credit Losses (Details) $ in Millions		12 Months Ended
	Jan. 01, 2020	Dec. 31, 2022 USD ($) portfolioSegment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables		90 days	90 days
Number of portfolio segments \| portfolioSegment		3
Reserve for unfunded lending commitments		$ 1,540	$ 1,456	$ 1,878	$ 1,123
Threshold period of collateral-dependent troubled debt restructurings		180 days
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Past Due [Line Items]
Allowance for credit losses					3,300
Loans and leases receivable, percentage increase in allowance	32%
Allowance on nonperforming loans					2,900
Reserve for unfunded lending commitments					$ 310
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables		90 days

Summary of Significant Accoun_4

Summary of Significant Accounting Principles - Nonperforming Loans and Leases, Charge-offs and Delinquencies, TDRs (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days	90 days
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Threshold period past due for write-off of financing receivable	120 days
Consumer Portfolio Segment \| Chapter Seven Bankruptcy
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Consumer Portfolio Segment \| Credit Card and Other Unsecured Consumer Loans
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	180 days
Consumer Portfolio Segment \| Credit Card and Other Unsecured Consumer Loans \| Death, Bankruptcy or Fraud
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Consumer Portfolio Segment \| Consumer Vehicle Loans
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	90 days
Consumer Portfolio Segment \| Consumer Vehicle Loans \| Death, Bankruptcy or Fraud
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Consumer real estate
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	180 days
Consumer real estate \| Death, Bankruptcy or Fraud
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Consumer real estate \| Junior Lien Home Equity Financing Receivable
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Commercial
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Credit card and other consumer \| Credit Card and Other Unsecured Consumer Loans
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	180 days
Threshold period past due for write-off of renegotiated financing receivable placed on a fixed payment plan	120 days

Summary of Significant Accoun_5

Summary of Significant Accounting Principles - Premises and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Building
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	40 years
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	12 years

Summary of Significant Accoun_6

Summary of Significant Accounting Principles - Other Assets (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Accounting Policies [Abstract]
Expected credit losses, other assets	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Principles - Lessee Arrangements (Details)	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities	Accrued expenses and other liabilities

Summary of Significant Accoun_8

Summary of Significant Accounting Principles - Revenue Recognition (Details)	12 Months Ended
	Dec. 31, 2022
Minimum
Disaggregation of Revenue [Line Items]
Fee percentage of assets under management	0.50%
Maximum
Disaggregation of Revenue [Line Items]
Fee percentage of assets under management	1.50%

Net Interest Income and Nonin_3

Net Interest Income and Noninterest Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest income
Loans and leases	$ 37,919	$ 29,282	$ 34,029
Debt securities	17,127	12,376	9,790
Federal funds sold and securities borrowed or purchased under agreements to resell	4,560	(90)	903
Trading account assets	5,521	3,770	4,128
Other interest income	7,438	2,334	2,735
Total interest income	72,565	47,672	51,585
Interest expense
Deposits	4,718	537	1,943
Short-term borrowings	6,978	(358)	987
Trading account liabilities	1,538	1,128	974
Long-term debt	6,869	3,431	4,321
Total interest expense	20,103	4,738	8,225
Net interest income	52,462	42,934	43,360
Noninterest income
Total fees and commissions	33,212	39,299	34,551
Market making and similar activities	12,075	8,691	8,355
Other income (loss)	(2,799)	(1,811)	(738)
Total noninterest income	42,488	46,179	42,168
Rewards, rebates and compensation expense	8,800	6,900	5,500
Card income
Noninterest income
Card income and service charges	6,083	6,218	5,656
Interchange fees
Noninterest income
Card income and service charges	4,096	4,560	3,954
Other card income
Noninterest income
Card income and service charges	1,987	1,658	1,702
Card Income, Interchange Fees and Merchant Income
Noninterest income
Interchange fees, gross and merchant income	12,900	11,500	9,200
Service charges
Noninterest income
Card income and service charges	6,405	7,504	7,141
Deposit-related fees
Noninterest income
Card income and service charges	5,190	6,271	5,991
Lending-related fees
Noninterest income
Card income and service charges	1,215	1,233	1,150
Investment and brokerage services
Noninterest income
Investment and brokerage services	15,901	16,690	14,574
Asset management fees
Noninterest income
Investment and brokerage services	12,152	12,729	10,708
Brokerage fees
Noninterest income
Investment and brokerage services	3,749	3,961	3,866
Total investment banking fees
Noninterest income
Investment banking fees	4,823	8,887	7,180
Underwriting income
Noninterest income
Investment banking fees	1,970	5,077	4,698
Syndication fees
Noninterest income
Investment banking fees	1,070	1,499	861
Financial advisory services
Noninterest income
Investment banking fees	$ 1,783	$ 2,311	$ 1,621

Derivatives - Derivative Balanc

Derivatives - Derivative Balances (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Gross Derivative Assets
Gross Derivative Assets	$ 398,300	$ 348,400
Less: Legally enforceable master netting agreements	(315,900)	(282,300)
Less: Cash collateral received/paid	(33,800)	(30,800)
Derivative assets	48,642	35,344
Gross Derivative Liabilities
Gross Derivative Liabilities	398,500	355,500
Less: Legally enforceable master netting agreements	(315,900)	(282,300)
Less: Cash collateral received/paid	(37,800)	(35,500)
Derivative liabilities	44,816	37,675
Interest Rate Swap
Maximum Payout/Notional
Contract/Notional	18,285,900	18,068,100
Gross Derivative Assets
Gross Derivative Assets	158,900	159,400
Gross Derivative Liabilities
Gross Derivative Liabilities	157,000	160,800
Interest Rate Future and Forwards
Maximum Payout/Notional
Contract/Notional	2,796,300	2,243,200
Gross Derivative Assets
Gross Derivative Assets	8,600	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	7,800	1,000
Interest Rate Options \| Written options
Maximum Payout/Notional
Contract/Notional	1,657,900	1,616,100
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	41,400	28,800
Interest Rate Options \| Purchased options
Maximum Payout/Notional
Contract/Notional	1,594,700	1,673,600
Gross Derivative Assets
Gross Derivative Assets	42,400	33,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Foreign Exchange Swaps
Maximum Payout/Notional
Contract/Notional	1,509,000	1,420,900
Gross Derivative Assets
Gross Derivative Assets	44,300	28,800
Gross Derivative Liabilities
Gross Derivative Liabilities	43,700	30,700
Foreign Exchange Spot, Futures, and Forwards
Maximum Payout/Notional
Contract/Notional	4,159,300	4,087,200
Gross Derivative Assets
Gross Derivative Assets	60,000	37,400
Gross Derivative Liabilities
Gross Derivative Liabilities	62,700	37,900
Foreign Exchange Options \| Written options
Maximum Payout/Notional
Contract/Notional	392,200	287,200
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	8,100	4,100
Foreign Exchange Options \| Purchased options
Maximum Payout/Notional
Contract/Notional	362,600	267,600
Gross Derivative Assets
Gross Derivative Assets	8,300	4,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Equity Swaps
Maximum Payout/Notional
Contract/Notional	394,000	443,800
Gross Derivative Assets
Gross Derivative Assets	10,800	12,300
Gross Derivative Liabilities
Gross Derivative Liabilities	12,200	14,500
Equity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	114,600	113,300
Gross Derivative Assets
Gross Derivative Assets	3,300	500
Gross Derivative Liabilities
Gross Derivative Liabilities	1,000	1,700
Equity Options \| Written options
Maximum Payout/Notional
Contract/Notional	746,800	737,700
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	45,000	58,500
Equity Options \| Purchased options
Maximum Payout/Notional
Contract/Notional	671,600	657,000
Gross Derivative Assets
Gross Derivative Assets	40,900	55,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Commodity Swaps
Maximum Payout/Notional
Contract/Notional	56,000	47,700
Gross Derivative Assets
Gross Derivative Assets	5,100	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	5,300	6,000
Commodity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	157,300	101,500
Gross Derivative Assets
Gross Derivative Assets	3,000	2,300
Gross Derivative Liabilities
Gross Derivative Liabilities	3,100	1,400
Commodity Options \| Written options
Maximum Payout/Notional
Contract/Notional	59,500	44,400
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	3,300	2,600
Commodity Options \| Purchased options
Maximum Payout/Notional
Contract/Notional	61,800	38,300
Gross Derivative Assets
Gross Derivative Assets	3,600	3,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Credit default swaps: \| Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	319,900	297,000
Gross Derivative Assets
Gross Derivative Assets	2,800	1,900
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	4,300
Credit default swaps: \| Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	295,165	279,794
Gross Derivative Assets
Gross Derivative Assets	1,200	4,200
Gross Derivative Liabilities
Gross Derivative Liabilities	2,397	1,639
Total return swaps/options: \| Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	71,500	85,300
Gross Derivative Assets
Gross Derivative Assets	700	200
Gross Derivative Liabilities
Gross Derivative Liabilities	3,000	1,100
Total return swaps/options: \| Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	85,344	85,251
Gross Derivative Assets
Gross Derivative Assets	4,400	900
Gross Derivative Liabilities
Gross Derivative Liabilities	874	544
Credit derivatives \| Purchased credit derivatives:
Gross Derivative Liabilities
Fair value asset (liability), with identical underlying referenced names and terms	(1,200)	2,300
Notional amount, with identical underlying referenced names and terms	276,900	258,400
Credit derivatives \| Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	380,509	365,045
Gross Derivative Liabilities
Gross Derivative Liabilities	3,271	2,183
Trading and Other Risk Management Derivatives
Gross Derivative Assets
Gross Derivative Assets	377,200	339,000
Gross Derivative Liabilities
Gross Derivative Liabilities	360,000	349,600
Trading and Other Risk Management Derivatives \| Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	138,200	150,500
Gross Derivative Liabilities
Gross Derivative Liabilities	120,300	156,400
Trading and Other Risk Management Derivatives \| Interest Rate Future and Forwards
Gross Derivative Assets
Gross Derivative Assets	8,600	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	7,800	1,000
Trading and Other Risk Management Derivatives \| Interest Rate Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	41,400	28,800
Trading and Other Risk Management Derivatives \| Interest Rate Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	42,400	33,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives \| Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	44,000	28,600
Gross Derivative Liabilities
Gross Derivative Liabilities	43,300	30,500
Trading and Other Risk Management Derivatives \| Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	59,900	37,100
Gross Derivative Liabilities
Gross Derivative Liabilities	62,100	37,700
Trading and Other Risk Management Derivatives \| Foreign Exchange Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	8,100	4,100
Trading and Other Risk Management Derivatives \| Foreign Exchange Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	8,300	4,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives \| Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	10,800	12,300
Gross Derivative Liabilities
Gross Derivative Liabilities	12,200	14,500
Trading and Other Risk Management Derivatives \| Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	3,300	500
Gross Derivative Liabilities
Gross Derivative Liabilities	1,000	1,700
Trading and Other Risk Management Derivatives \| Equity Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	45,000	58,500
Trading and Other Risk Management Derivatives \| Equity Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	40,900	55,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives \| Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	5,100	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	5,300	6,000
Trading and Other Risk Management Derivatives \| Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	3,000	2,300
Gross Derivative Liabilities
Gross Derivative Liabilities	2,300	300
Trading and Other Risk Management Derivatives \| Commodity Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	3,300	2,600
Trading and Other Risk Management Derivatives \| Commodity Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	3,600	3,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives \| Credit default swaps: \| Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	2,800	1,900
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	4,300
Trading and Other Risk Management Derivatives \| Credit default swaps: \| Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,200	4,200
Gross Derivative Liabilities
Gross Derivative Liabilities	2,400	1,600
Trading and Other Risk Management Derivatives \| Total return swaps/options: \| Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	700	200
Gross Derivative Liabilities
Gross Derivative Liabilities	3,000	1,100
Trading and Other Risk Management Derivatives \| Total return swaps/options: \| Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	4,400	900
Gross Derivative Liabilities
Gross Derivative Liabilities	900	500
Qualifying Accounting Hedges
Gross Derivative Assets
Gross Derivative Assets	21,100	9,400
Gross Derivative Liabilities
Gross Derivative Liabilities	38,500	5,900
Qualifying Accounting Hedges \| Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	20,700	8,900
Gross Derivative Liabilities
Gross Derivative Liabilities	36,700	4,400
Qualifying Accounting Hedges \| Interest Rate Future and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Interest Rate Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Interest Rate Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	300	200
Gross Derivative Liabilities
Gross Derivative Liabilities	400	200
Qualifying Accounting Hedges \| Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	100	300
Gross Derivative Liabilities
Gross Derivative Liabilities	600	200
Qualifying Accounting Hedges \| Foreign Exchange Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Foreign Exchange Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Equity Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Equity Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	800	1,100
Qualifying Accounting Hedges \| Commodity Options \| Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Commodity Options \| Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Credit default swaps: \| Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Credit default swaps: \| Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Total return swaps/options: \| Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges \| Total return swaps/options: \| Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	$ 0	$ 0

Derivatives - Offsetting Assets

Derivatives - Offsetting Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Derivative assets, after netting	$ 45,900	$ 32,100
Other gross derivative assets	2,700	3,200
Derivative assets	48,642	35,344
Less: Financial instruments collateral	(18,500)	(11,800)
Total net derivative assets	30,100	23,500
Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	286,800	279,700
Less: Legally enforceable master netting agreements and cash collateral received/paid	(243,800)	(250,300)
Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	35,800	39,900
Less: Legally enforceable master netting agreements and cash collateral received/paid	(33,500)	(37,800)
Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	73,000	25,600
Less: Legally enforceable master netting agreements and cash collateral received/paid	(72,400)	(25,000)
Interest rate contracts \| Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	138,400	171,300
Interest rate contracts \| Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	400	200
Interest rate contracts \| Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	71,400	22,600
Foreign exchange contracts \| Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	109,700	67,900
Foreign exchange contracts \| Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	1,300	1,100
Equity contracts \| Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	21,500	29,200
Equity contracts \| Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	33,000	38,300
Commodity contracts \| Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	8,300	6,100
Commodity contracts \| Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	2,400	1,400
Commodity contracts \| Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	300	100
Credit derivatives \| Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	8,900	5,200
Credit derivatives \| Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	$ 0	$ 1,800

Derivatives - Offsetting Liabil

Derivatives - Offsetting Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Derivative liabilities, after netting	$ 37,000	$ 30,000
Other gross derivative liabilities	7,800	7,700
Derivative liabilities	44,816	37,675
Less: Financial instruments collateral	(7,400)	(10,600)
Total net derivative liabilities	37,400	27,100
Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	282,300	282,600
Less: Legally enforceable master netting agreements and cash collateral received/paid	(248,200)	(254,600)
Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	35,800	39,700
Less: Legally enforceable master netting agreements and cash collateral received/paid	(33,500)	(37,800)
Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	72,600	25,500
Less: Legally enforceable master netting agreements and cash collateral received/paid	(72,000)	(25,400)
Interest rate contracts \| Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	132,300	166,300
Interest rate contracts \| Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	100	0
Interest rate contracts \| Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	71,100	22,500
Foreign exchange contracts \| Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	110,600	70,500
Foreign exchange contracts \| Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	1,200	1,100
Equity contracts \| Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	22,600	32,900
Equity contracts \| Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	33,800	38,400
Commodity contracts \| Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	9,300	7,600
Commodity contracts \| Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	1,900	1,300
Commodity contracts \| Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	300	100
Credit derivatives \| Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	7,500	5,300
Credit derivatives \| Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	$ 0	$ 1,800

Derivatives - Gains and Losses

Derivatives - Gains and Losses on Derivatives Designated as Fair Value Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ (4,109)	$ (1,905)	$ 7,830
Hedged Item	3,990	1,750	(7,954)
Interest rate risk on long-term debt \| Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(26,654)	(7,018)	7,091
Hedged Item	26,825	6,838	(7,220)
Interest rate and foreign currency risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(120)	(90)	783
Hedged Item	119	79	(783)
Interest rate and foreign currency risk on long-term debt \| Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(37)	(73)	701
Interest rate and foreign currency risk on long-term debt \| Market making and similar activities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(81)	0	73
Interest rate risk on AFS securities \| Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	21,991	5,203	(44)
Hedged Item	(22,280)	(5,167)	49
Price risk on commodity inventory \| Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	674	0	0
Hedged Item	(674)	0	0
Accumulated Other Comprehensive Income (Loss) \| Interest rate and foreign currency risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ (2)	$ (17)	$ 9

Derivatives - Designated Fair V

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 187,402	$ 181,745
Hedged liability, long-term debt, cumulative fair value adjustments	(21,372)	3,987
Amortized cost basis of portfolios used in hedging relationships	21,400	21,100
Hedged asset, fair value edge, last-of-layer, amount	9,200	6,900
Cumulative basis adjustments, hedging relationships	(451)	(172)
AFS debt securities – Non-agency residential
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	167,518	209,038
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(18,190)	(2,294)
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	16,119	2,067
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	146	32
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	137	1,500
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ (4,900)	$ (1,000)

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Derivatives - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Shareholders’ equity	$ 273,197	$ 270,066	$ 272,924	$ 264,810
Net income (loss) in AOCI expected to be reclassified, after tax	(4,400)
Net income (loss) in AOCI expected to be reclassified	$ (5,900)
Open cash flow hedge, forecasted transactions hedging period (in years)	7 years
Terminated cash flow hedges, period forecasted transaction recognized in interest income (in years)	5 years
Bank of America, N.A.
Derivative [Line Items]
Collateral not yet posted	$ 1,600
Credit derivatives
Derivative [Line Items]
Cash and securities held as collateral	101,300	91,400
Cash and securities collateral posted	81,200	79,300
Collateral not yet posted	3,200
Foreign Mortgage-backed Securities and Foreign Securities
Derivative [Line Items]
Transfer of mortgage-backed securities to third-party trust	4,800	4,800
Gross cash proceeds from transfer of securities	4,900	4,800
Fair value of derecognized assets	4,700	5,000
Derivatives
Derivative [Line Items]
Shareholders’ equity	(11,935)	$ (1,880)	$ 426	$ (400)
Pretax income (loss) in accumulated OCI	$ (15,900)

Derivatives - Derivatives Desig

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Losses excluded from effectiveness testing and recognized in other income	$ 38	$ 123	$ 11
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(13,709)	(2,842)	1,089
Gains (Losses) in Income Reclassified from Accumulated OCI	(298)	229	14
Interest rate risk on variable-rate portfolios \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(13,492)	(2,686)	763
Gains (Losses) in Income Reclassified from Accumulated OCI	(338)	148	(7)
Price risk on forecasted MBS purchases \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(129)	(249)	241
Gains (Losses) in Income Reclassified from Accumulated OCI	11	26	9
Price risk on certain compensation plans \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	(88)	93	85
Gains (Losses) in Income Reclassified from Accumulated OCI	29	55	12
Foreign exchange risk \| Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	1,710	1,451	(834)
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 3	$ 23	$ 4

Derivatives - Other Risk Manage

Derivatives - Other Risk Management Derivatives (Details) - Other income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest rate risk on mortgage activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (326)	$ (18)	$ 611
Credit risk on loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	(37)	(25)	(68)
Interest rate and foreign currency risk on ALM activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	4,713	1,757	(2,971)
Price risk on certain compensation plans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (1,073)	$ 917	$ 700

Derivatives - Sales and Trading

Derivatives - Sales and Trading Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 12,075	$ 8,691	$ 8,355
Brokerage commissions and asset management fee revenue \| Global Markets
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,000	1,900	1,900
Trading Derivatives and Securities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	16,135	14,768	14,821
Trading Derivatives and Securities \| Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	11,404	8,758	8,469
Trading Derivatives and Securities \| Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,434	3,265	3,945
Trading Derivatives and Securities \| Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,297	2,745	2,407
Trading Derivatives and Securities \| Interest rate risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	3,930	2,534	4,744
Trading Derivatives and Securities \| Interest rate risk \| Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,919	523	2,236
Trading Derivatives and Securities \| Interest rate risk \| Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,619	1,794	2,279
Trading Derivatives and Securities \| Interest rate risk \| Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	392	217	229
Trading Derivatives and Securities \| Foreign exchange risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,983	1,439	1,469
Trading Derivatives and Securities \| Foreign exchange risk \| Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,981	1,505	1,486
Trading Derivatives and Securities \| Foreign exchange risk \| Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	46	(80)	(19)
Trading Derivatives and Securities \| Foreign exchange risk \| Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(44)	14	2
Trading Derivatives and Securities \| Equity risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	6,546	6,410	5,380
Trading Derivatives and Securities \| Equity risk \| Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	6,077	4,581	3,656
Trading Derivatives and Securities \| Equity risk \| Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(1,288)	(5)	(77)
Trading Derivatives and Securities \| Equity risk \| Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,757	1,834	1,801
Trading Derivatives and Securities \| Credit risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,997	3,630	2,872
Trading Derivatives and Securities \| Credit risk \| Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	592	1,390	783
Trading Derivatives and Securities \| Credit risk \| Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,228	1,684	1,758
Trading Derivatives and Securities \| Credit risk \| Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	177	556	331
Trading Derivatives and Securities \| Other risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	679	755	356
Trading Derivatives and Securities \| Other risk \| Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	835	759	308
Trading Derivatives and Securities \| Other risk \| Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(171)	(128)	4
Trading Derivatives and Securities \| Other risk \| Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 15	$ 124	$ 44

Derivatives - Credit Derivative

Derivatives - Credit Derivatives (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Carrying Value of Credit Derivatives
Total	$ 398,500	$ 355,500
Carrying Value of Credit-related Notes
Less than One Year	0	5
One to Three Years	7	0
Three to Five Years	25	45
Over Five Years	2,052	1,746
Total	2,084	1,796
Credit derivatives \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	509	174
One to Three Years	886	643
Three to Five Years	1,135	548
Over Five Years	741	818
Total	3,271	2,183
Maximum Payout/Notional
Less than One Year	121,385	122,869
One to Three Years	106,706	107,778
Three to Five Years	126,182	108,520
Over Five Years	26,236	25,878
Total	380,509	365,045
Credit default swaps: \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	122	34
One to Three Years	541	255
Three to Five Years	1,003	532
Over Five Years	731	818
Total	2,397	1,639
Maximum Payout/Notional
Less than One Year	49,899	50,622
One to Three Years	95,799	95,567
Three to Five Years	124,128	107,800
Over Five Years	25,339	25,805
Total	295,165	279,794
Total return swaps/options: \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	387	140
One to Three Years	345	388
Three to Five Years	132	16
Over Five Years	10	0
Total	874	544
Maximum Payout/Notional
Less than One Year	71,486	72,247
One to Three Years	10,907	12,211
Three to Five Years	2,054	720
Over Five Years	897	73
Total	85,344	85,251
Investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	0
One to Three Years	0	0
Three to Five Years	19	36
Over Five Years	1,017	412
Total	1,036	448
Investment grade \| Credit default swaps: \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	2	0
One to Three Years	25	5
Three to Five Years	133	79
Over Five Years	34	49
Total	194	133
Maximum Payout/Notional
Less than One Year	34,670	34,503
One to Three Years	66,170	66,334
Three to Five Years	93,237	73,444
Over Five Years	18,677	17,844
Total	212,754	192,125
Investment grade \| Total return swaps/options: \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	55	35
One to Three Years	336	388
Three to Five Years	0	0
Over Five Years	0	0
Total	391	423
Maximum Payout/Notional
Less than One Year	38,722	49,626
One to Three Years	10,407	11,494
Three to Five Years	0	78
Over Five Years	0	0
Total	49,129	61,198
Non-investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	5
One to Three Years	7	0
Three to Five Years	6	9
Over Five Years	1,035	1,334
Total	1,048	1,348
Non-investment grade \| Credit default swaps: \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	120	34
One to Three Years	516	250
Three to Five Years	870	453
Over Five Years	697	769
Total	2,203	1,506
Maximum Payout/Notional
Less than One Year	15,229	16,119
One to Three Years	29,629	29,233
Three to Five Years	30,891	34,356
Over Five Years	6,662	7,961
Total	82,411	87,669
Non-investment grade \| Total return swaps/options: \| Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	332	105
One to Three Years	9	0
Three to Five Years	132	16
Over Five Years	10	0
Total	483	121
Maximum Payout/Notional
Less than One Year	32,764	22,621
One to Three Years	500	717
Three to Five Years	2,054	642
Over Five Years	897	73
Total	$ 36,215	$ 24,053

Derivatives - Credit-related Co

Derivatives - Credit-related Contingent Features and Collateral (Details) $ in Millions	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	$ 230
Additional collateral required to be posted upon downgrade, second incremental notch	913
Credit derivatives
Derivative [Line Items]
Derivative liability subject to unilateral termination upon downgrade, one incremental notch	92
Derivative liability subject to unilateral termination upon downgrade, second incremental notch	1,073
Collateral posted subject to unilateral termination upon downgrade, one incremental notch	77
Collateral posted subject to unilateral termination upon downgrade, second incremental notch	300
Bank of America, N.A.
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	66
Additional collateral required to be posted upon downgrade, second incremental notch	$ 668

Derivatives - Valuation Adjustm

Derivatives - Valuation Adjustments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Valuation Gain Loss on Derivatives, Gross [Abstract]
Derivative assets (CVA)	$ (80)	$ 208	$ (118)
Derivative assets/liabilities (FVA)	125	(2)	(24)
Derivative liabilities (DVA)	194	3	24
Cumulative credit valuation adjustment	518	438	646
Cumulative funding valuation adjustment	54	179	177
Cumulative debit valuation adjustment	$ 506	$ 312	$ 309

Securities - Debt Securities (D

Securities - Debt Securities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Available-for-sale debt securities
Amortized Cost	$ 225,485	$ 295,892
Gross Unrealized Gains	90	3,969
Gross Unrealized Losses	(4,787)	(683)
Fair Value	220,788	299,178
Other Debt Securities, Carried at Fair Value:
Amortized Cost	8,986	8,873
Gross Unrealized Gains	376	105
Gross Unrealized Losses	(156)	(83)
Fair Value	9,206	8,895
Debt securities carried at fair value:
Amortized Cost	234,471	304,765
Gross Unrealized Gains	466	4,074
Gross Unrealized Losses	(4,943)	(766)
Fair Value	229,994	308,073
Held-to-maturity Securities:
Amortized Cost	632,863	674,591
Gross Unrealized Gains	0	4,256
Gross Unrealized Losses	(108,596)	(12,957)
Fair Value	524,267	665,890
Debt securities:
Amortized Cost	867,334	979,356
Gross Unrealized Gains	466	8,330
Gross Unrealized Losses	(113,539)	(13,723)
Fair Value	754,261	973,963
Securities, pledged as collateral	104,500	111,900
FNMA
Debt securities carried at fair value:
Amortized Cost	290,500	345,300
Fair Value	239,600	342,500
FHLMC
Debt securities carried at fair value:
Amortized Cost	176,700	205,300
Fair Value	144,600	202,400
Mortgage-backed securities
Available-for-sale debt securities
Amortized Cost	35,011	68,226
Gross Unrealized Gains	48	2,003
Gross Unrealized Losses	(2,603)	(323)
Fair Value	32,456	69,906
Debt securities carried at fair value:
Fair Value	32,834
Agency
Available-for-sale debt securities
Amortized Cost	25,204	45,268
Gross Unrealized Gains	5	1,257
Gross Unrealized Losses	(1,767)	(186)
Fair Value	23,442	46,339
Debt securities carried at fair value:
Fair Value	23,442
Held-to-maturity Securities:
Amortized Cost	503,233	553,721
Gross Unrealized Gains	0	3,855
Gross Unrealized Losses	(87,319)	(10,366)
Fair Value	415,914	547,210
Agency-collateralized mortgage obligations
Available-for-sale debt securities
Amortized Cost	2,452	3,331
Gross Unrealized Gains	0	74
Gross Unrealized Losses	(231)	(25)
Fair Value	2,221	3,380
Debt securities carried at fair value:
Fair Value	2,221
Commercial
Available-for-sale debt securities
Amortized Cost	6,894	19,036
Gross Unrealized Gains	28	647
Gross Unrealized Losses	(515)	(79)
Fair Value	6,407	19,604
Debt securities carried at fair value:
Fair Value	6,418
Non-agency residential
Available-for-sale debt securities
Amortized Cost	461	591
Gross Unrealized Gains	15	25
Gross Unrealized Losses	(90)	(33)
Fair Value	386	$ 583
Debt securities carried at fair value:
Fair Value	$ 753
Non-agency residential \| Prime
Debt securities:
Available-for-sale securities, percent held by rating	17%	21%
Non-agency residential \| Subprime
Debt securities:
Available-for-sale securities, percent held by rating	83%	79%
U.S. Treasury and government agencies
Available-for-sale debt securities
Amortized Cost	$ 160,773	$ 197,853
Gross Unrealized Gains	18	1,610
Gross Unrealized Losses	(1,769)	(318)
Fair Value	159,022	199,145
Debt securities carried at fair value:
Fair Value	159,583
Held-to-maturity Securities:
Amortized Cost	121,597	111,859
Gross Unrealized Gains	0	254
Gross Unrealized Losses	(20,259)	(2,395)
Fair Value	101,338	109,718
Non-U.S. securities
Available-for-sale debt securities
Amortized Cost	13,455	11,933
Gross Unrealized Gains	4	0
Gross Unrealized Losses	(52)	0
Fair Value	13,407	11,933
Debt securities carried at fair value:
Fair Value	21,671
Other taxable securities
Available-for-sale debt securities
Amortized Cost	4,728	2,725
Gross Unrealized Gains	1	39
Gross Unrealized Losses	(84)	(3)
Fair Value	4,645	2,761
Debt securities carried at fair value:
Fair Value	4,648
Held-to-maturity Securities:
Amortized Cost	8,033	9,011
Gross Unrealized Gains	0	147
Gross Unrealized Losses	(1,018)	(196)
Fair Value	7,015	8,962
Tax-exempt securities
Available-for-sale debt securities
Amortized Cost	11,518	15,155
Gross Unrealized Gains	19	317
Gross Unrealized Losses	(279)	(39)
Fair Value	11,258	$ 15,433
Debt securities carried at fair value:
Fair Value	$ 11,258

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Total AFS debt securities	$ 220,788	$ 299,178
Held-to-maturity securities	524,267	665,890
Other assets
Debt Securities, Available-for-sale [Line Items]
Equity securities, fair value	581	513
Equity securities, cost	340	266
Time Deposits Placed and Other Short-term Investments
Debt Securities, Available-for-sale [Line Items]
Time deposits placed and other short-term investments	868	707
AFS securities
Debt Securities, Available-for-sale [Line Items]
Accumulated net unrealized loss on AFS debt securities	(3,500)
Accumulated other comprehensive income benefit	(1,200)
U.S. Agency And U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Total AFS debt securities	191,100	268,500
Held-to-maturity securities	524,300	665,900
All Non U.S. Agency And Non U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Total AFS debt securities	$ 29,700	$ 30,700

Securities - Gross Realized Gai

Securities - Gross Realized Gains (Losses) on Sales of Available For Sale Debt Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Gross gains	$ 1,251	$ 49	$ 423
Gross losses	(1,219)	(27)	(12)
Net gains on sales of AFS debt securities	32	22	411
Income tax expense attributable to realized net gains on sales of AFS debt securities	$ 8	$ 5	$ 103

Securities - AFS Debt Securitie

Securities - AFS Debt Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value
Less than Twelve Months	$ 72,233	$ 120,661
Twelve Months or Longer	131,635	6,928
Total	203,868	127,589
Gross Unrealized Losses
Less than Twelve Months	(1,815)	(530)
Twelve Months or Longer	(2,972)	(153)
Total	(4,787)	(683)
Mortgage-backed securities
Fair Value
Less than Twelve Months	23,461	16,852
Twelve Months or Longer	7,814	1,887
Total	31,275	18,739
Gross Unrealized Losses
Less than Twelve Months	(1,429)	(242)
Twelve Months or Longer	(1,174)	(81)
Total	(2,603)	(323)
Agency
Fair Value
Less than Twelve Months	18,759	11,733
Twelve Months or Longer	4,437	815
Total	23,196	12,548
Gross Unrealized Losses
Less than Twelve Months	(1,118)	(166)
Twelve Months or Longer	(649)	(20)
Total	(1,767)	(186)
Agency-collateralized mortgage obligations
Fair Value
Less than Twelve Months	1,165	1,427
Twelve Months or Longer	1,022	122
Total	2,187	1,549
Gross Unrealized Losses
Less than Twelve Months	(96)	(22)
Twelve Months or Longer	(135)	(3)
Total	(231)	(25)
Commercial
Fair Value
Less than Twelve Months	3,273	3,451
Twelve Months or Longer	2,258	776
Total	5,531	4,227
Gross Unrealized Losses
Less than Twelve Months	(150)	(41)
Twelve Months or Longer	(365)	(38)
Total	(515)	(79)
Non-agency residential
Fair Value
Less than Twelve Months	264	241
Twelve Months or Longer	97	174
Total	361	415
Gross Unrealized Losses
Less than Twelve Months	(65)	(13)
Twelve Months or Longer	(25)	(20)
Total	(90)	(33)
U.S. Treasury and government agencies
Fair Value
Less than Twelve Months	36,730	103,307
Twelve Months or Longer	118,636	4,850
Total	155,366	108,157
Gross Unrealized Losses
Less than Twelve Months	(308)	(272)
Twelve Months or Longer	(1,461)	(46)
Total	(1,769)	(318)
Non-U.S. securities
Fair Value
Less than Twelve Months	9,399
Twelve Months or Longer	756
Total	10,155
Gross Unrealized Losses
Less than Twelve Months	(34)
Twelve Months or Longer	(18)
Total	(52)
Other taxable securities
Fair Value
Less than Twelve Months	2,036	0
Twelve Months or Longer	1,580	82
Total	3,616	82
Gross Unrealized Losses
Less than Twelve Months	(16)	0
Twelve Months or Longer	(68)	(3)
Total	(84)	(3)
Tax-exempt securities
Fair Value
Less than Twelve Months	607	502
Twelve Months or Longer	2,849	109
Total	3,456	611
Gross Unrealized Losses
Less than Twelve Months	(28)	(16)
Twelve Months or Longer	(251)	(23)
Total	$ (279)	$ (39)

Securities - Maturities of Debt

Securities - Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 38
Due in one year or less, yield	9.06%
Due after one year through five years, amount	$ 5,795
Due after one year through five years, yield	1.89%
Due after five years through ten years, amount	$ 117,380
Due after five years though ten years, yield	1.37%
Due after ten years, amount	$ 509,650
Due after ten years, yield	2.13%
Amortized Cost	$ 632,863	$ 674,591
Total, yield	1.99%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Fair Value	$ 229,994	308,073
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	38
Due after One Year through Five Years	5,334
Due after Five Years through Ten Years	97,482
Due after Ten Years	421,413
Held-to-maturity, fair value	524,267	665,890
AFS securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 23,751
Due in one year or less, yield	2.53%
Due after one year through five years, amount	$ 90,170
Due after one year through five years, yield	1.96%
Due after five years through ten years, amount	$ 86,225
Due after five years through ten years, yield	1.74%
Due after ten years, amount	$ 34,325
Due after ten years, yield	3.52%
Amount	$ 234,471
Total, yield	2.16%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 23,958
Due after one year through five years, amount	89,452
Due after five years though ten years, amount	84,759
Due after ten years, amount	31,825
Fair Value	229,994
Mortgage-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 22
Due in one year or less, yield	2.09%
Due after one year through five years, amount	$ 683
Due after one year through five years, yield	3.08%
Due after five years through ten years, amount	$ 4,647
Due after five years through ten years, yield	2.06%
Due after ten years, amount	$ 30,036
Due after ten years, yield	3.44%
Amount	$ 35,388
Total, yield	3.25%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 22
Due after one year through five years, amount	665
Due after five years though ten years, amount	4,398
Due after ten years, amount	27,749
Fair Value	32,834
Agency
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 3
Due after one year through five years, yield	5.67%
Due after five years through ten years, amount	$ 56
Due after five years through ten years, yield	4.39%
Due after ten years, amount	$ 25,145
Due after ten years, yield	3.37%
Amount	$ 25,204
Total, yield	3.37%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 14
Due after five years though ten years, yield	2.64%
Due after ten years, amount	$ 503,219
Due after ten years, yield	2.13%
Amortized Cost	$ 503,233	553,721
Total, yield	2.13%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due after one year through five years, amount	3
Due after five years though ten years, amount	56
Due after ten years, amount	23,383
Fair Value	23,442
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	0
Due after One Year through Five Years	0
Due after Five Years through Ten Years	13
Due after Ten Years	415,901
Held-to-maturity, fair value	415,914	547,210
Agency-collateralized mortgage obligations
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 10
Due after one year through five years, yield	2.60%
Due after five years through ten years, amount	$ 0
Due after five years through ten years, yield	0%
Due after ten years, amount	$ 2,442
Due after ten years, yield	2.89%
Amount	$ 2,452
Total, yield	2.89%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due after one year through five years, amount	10
Due after five years though ten years, amount	0
Due after ten years, amount	2,211
Fair Value	2,221
Commercial
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 22
Due in one year or less, yield	2.09%
Due after one year through five years, amount	$ 670
Due after one year through five years, yield	3.07%
Due after five years through ten years, amount	$ 4,591
Due after five years through ten years, yield	2.03%
Due after ten years, amount	$ 1,624
Due after ten years, yield	2.31%
Amount	$ 6,907
Total, yield	2.20%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 22
Due after one year through five years, amount	650
Due after five years though ten years, amount	4,342
Due after ten years, amount	1,404
Fair Value	6,418
Non-agency residential
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 0
Due after five years through ten years, yield	0%
Due after ten years, amount	$ 825
Due after ten years, yield	9.54%
Amount	$ 825
Total, yield	9.54%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due after one year through five years, amount	2
Due after five years though ten years, amount	0
Due after ten years, amount	751
Fair Value	753
U.S. Treasury and government agencies
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 3,306
Due in one year or less, yield	1.59%
Due after one year through five years, amount	$ 79,618
Due after one year through five years, yield	1.68%
Due after five years through ten years, amount	$ 78,378
Due after five years through ten years, yield	1.64%
Due after ten years, amount	$ 32
Due after ten years, yield	3.38%
Amount	$ 161,334
Total, yield	1.66%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 4,544
Due after one year through five years, yield	1.80%
Due after five years through ten years, amount	$ 117,053
Due after five years though ten years, yield	1.37%
Due after ten years, amount	$ 0
Due after ten years, yield	0%
Amortized Cost	$ 121,597	111,859
Total, yield	1.39%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 3,312
Due after one year through five years, amount	79,013
Due after five years though ten years, amount	77,228
Due after ten years, amount	30
Fair Value	159,583
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	0
Due after One Year through Five Years	4,164
Due after Five Years through Ten Years	97,174
Due after Ten Years	0
Held-to-maturity, fair value	101,338	109,718
Non-U.S. securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 17,499
Due in one year or less, yield	2.41%
Due after one year through five years, amount	$ 3,002
Due after one year through five years, yield	4.58%
Due after five years through ten years, amount	$ 723
Due after five years through ten years, yield	3.93%
Due after ten years, amount	$ 279
Due after ten years, yield	6.87%
Amount	$ 21,503
Total, yield	2.82%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 17,709
Due after one year through five years, amount	2,960
Due after five years though ten years, amount	723
Due after ten years, amount	279
Fair Value	21,671
Other taxable securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 2,034
Due in one year or less, yield	4.77%
Due after one year through five years, amount	$ 2,102
Due after one year through five years, yield	4.85%
Due after five years through ten years, amount	$ 455
Due after five years through ten years, yield	3.46%
Due after ten years, amount	$ 137
Due after ten years, yield	3.35%
Amount	$ 4,728
Total, yield	4.64%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 38
Due in one year or less, yield	9.06%
Due after one year through five years, amount	$ 1,251
Due after one year through five years, yield	2.23%
Due after five years through ten years, amount	$ 313
Due after five years though ten years, yield	3%
Due after ten years, amount	$ 6,431
Due after ten years, yield	2.45%
Amortized Cost	$ 8,033	9,011
Total, yield	2.47%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 2,028
Due after one year through five years, amount	2,085
Due after five years though ten years, amount	413
Due after ten years, amount	122
Fair Value	4,648
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	38
Due after One Year through Five Years	1,170
Due after Five Years through Ten Years	295
Due after Ten Years	5,512
Held-to-maturity, fair value	7,015	$ 8,962
Tax-exempt securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 890
Due in one year or less, yield	3.36%
Due after one year through five years, amount	$ 4,765
Due after one year through five years, yield	3.55%
Due after five years through ten years, amount	$ 2,022
Due after five years through ten years, yield	3.73%
Due after ten years, amount	$ 3,841
Due after ten years, yield	3.88%
Amount	$ 11,518
Total, yield	3.68%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 887
Due after one year through five years, amount	4,729
Due after five years though ten years, amount	1,997
Due after ten years, amount	3,645
Fair Value	$ 11,258

Outstanding Loans and Leases _3

Outstanding Loans and Leases and Allowance for Credit Losses - Past Due (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,045,747	$ 979,124
Percentage of outstandings, total outstanding	100%	100%
Loans and leases, measured at fair value	$ 5,771	$ 7,819
Asset Pledged as Collateral
Financing Receivable, Past Due [Line Items]
Loans and leases	18,500	13,000
Asset Pledged as Collateral \| Federal Reserve Bank And Federal Home Loan Bank
Financing Receivable, Past Due [Line Items]
Loans and leases	163,600	146,600
United States
Financing Receivable, Past Due [Line Items]
Loans and leases	151
Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	41
Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 5,771	$ 7,819
Percentage of outstandings, total outstanding	0.55%	0.80%
Direct/indirect consumer \| Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	$ 27	$ 55
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	75
U.S. small business commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	31
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	456,385	435,704
Consumer Portfolio Segment \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	456,046	435,086
Consumer Portfolio Segment \| Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	339	618
Consumer Portfolio Segment \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	71	279
Consumer Portfolio Segment \| Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	268	339
Consumer real estate \| Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	1,600	1,400
Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	229,670	221,963
Consumer real estate \| Residential Mortgage \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	229,670	221,963
Consumer real estate \| Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	26,563	27,935
Consumer real estate \| Home Equity Loan \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	26,563	27,935
Credit card and other consumer \| Credit card \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	93,421	81,438
Credit card and other consumer \| Direct/indirect consumer \| Dealer Financial Services Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	51,800	48,500
Credit card and other consumer \| Direct/indirect consumer \| Securities Based Lending Loans \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	50,400	51,100
Credit card and other consumer \| Direct/indirect consumer \| Securities Based Lending Loans \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	3,000	3,000
Credit card and other consumer \| Direct/indirect consumer \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	106,236	103,560
Credit card and other consumer \| Other consumer \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	156	190
Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	589,362	543,420
Commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	358,481	325,936
Loans and leases, measured at fair value	2,900	4,600
Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	124,479	113,266
Loans and leases, measured at fair value	2,500	2,600
Commercial \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	583,930	536,219
Commercial \| Carrying Value \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	358,481	325,936
Commercial \| Carrying Value \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	124,479	113,266
Commercial \| Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	5,432	7,201
Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	69,766	63,009
Commercial \| Commercial real estate \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	64,900	58,200
Commercial \| Commercial real estate \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	4,800	4,800
Commercial \| Commercial real estate \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	69,766	63,009
Commercial \| Commercial lease financing \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	13,644	14,825
Commercial \| U.S. small business commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	9,055	12,051
Commercial \| U.S. small business commercial \| Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	17,560	19,183
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,544	$ 2,884
Percentage of outstandings	0.34%	0.29%
30 to 59 Days Past Due \| Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,835	$ 1,573
30 to 59 Days Past Due \| Consumer real estate \| US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	184	164
30 to 59 Days Past Due \| Consumer real estate \| Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	155	118
30 to 59 Days Past Due \| Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	1,077	1,005
30 to 59 Days Past Due \| Consumer real estate \| Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	88	123
30 to 59 Days Past Due \| Credit card and other consumer \| Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	466	298
30 to 59 Days Past Due \| Credit card and other consumer \| Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	204	147
30 to 59 Days Past Due \| Credit card and other consumer \| Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
30 to 59 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	1,709	1,311
30 to 59 Days Past Due \| Commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	827	815
30 to 59 Days Past Due \| Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	317	148
30 to 59 Days Past Due \| Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	409	115
30 to 59 Days Past Due \| Commercial \| Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	49	104
30 to 59 Days Past Due \| Commercial \| U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	107	129
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,158	$ 1,279
Percentage of outstandings	0.11%	0.13%
60 to 89 Days Past Due \| Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 658	$ 630
60 to 89 Days Past Due \| Consumer real estate \| US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	75	89
60 to 89 Days Past Due \| Consumer real estate \| Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	88	100
60 to 89 Days Past Due \| Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	245	297
60 to 89 Days Past Due \| Consumer real estate \| Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	32	69
60 to 89 Days Past Due \| Credit card and other consumer \| Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	322	212
60 to 89 Days Past Due \| Credit card and other consumer \| Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	59	52
60 to 89 Days Past Due \| Credit card and other consumer \| Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
60 to 89 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	500	649
60 to 89 Days Past Due \| Commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	288	308
60 to 89 Days Past Due \| Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	59	20
60 to 89 Days Past Due \| Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	81	34
60 to 89 Days Past Due \| Commercial \| Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	9	28
60 to 89 Days Past Due \| Commercial \| U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	63	259
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 2,836	$ 3,311
Percentage of outstandings	0.27%	0.34%
90 Days or More Past Due \| Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,918	$ 2,445
90 Days or More Past Due \| Consumer real estate \| US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	368	633
90 Days or More Past Due \| Consumer real estate \| Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	788	1,300
90 Days or More Past Due \| Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	945	1,571
90 Days or More Past Due \| Consumer real estate \| Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	211	369
90 Days or More Past Due \| Credit card and other consumer \| Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	717	487
90 Days or More Past Due \| Credit card and other consumer \| Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	45	18
90 Days or More Past Due \| Credit card and other consumer \| Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
90 Days or More Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	918	866
90 Days or More Past Due \| Commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	330	396
90 Days or More Past Due \| Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	144	83
90 Days or More Past Due \| Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	77	285
90 Days or More Past Due \| Commercial \| Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	11	13
90 Days or More Past Due \| Commercial \| U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	356	89
Total Past Due 30 Days or More
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 7,538	$ 7,474
Percentage of outstandings	0.72%	0.76%
Total Past Due 30 Days or More \| Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 4,411	$ 4,648
Total Past Due 30 Days or More \| Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	2,267	2,873
Total Past Due 30 Days or More \| Consumer real estate \| Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	331	561
Total Past Due 30 Days or More \| Credit card and other consumer \| Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	1,505	997
Total Past Due 30 Days or More \| Credit card and other consumer \| Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	308	217
Total Past Due 30 Days or More \| Credit card and other consumer \| Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
Total Past Due 30 Days or More \| Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	3,127	2,826
Total Past Due 30 Days or More \| Commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	1,445	1,519
Total Past Due 30 Days or More \| Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	520	251
Total Past Due 30 Days or More \| Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	567	434
Total Past Due 30 Days or More \| Commercial \| Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	69	145
Total Past Due 30 Days or More \| Commercial \| U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	526	477
Total Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,032,438	$ 963,831
Percentage of outstandings, total outstanding	98.73%	98.44%
Total Current or Less Than 30 Days Past Due \| Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 451,635	$ 430,438
Total Current or Less Than 30 Days Past Due \| Consumer real estate \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	227,403	219,090
Total Current or Less Than 30 Days Past Due \| Consumer real estate \| Home Equity Loan
Financing Receivable, Past Due [Line Items]
Loans and leases	26,232	27,374
Total Current or Less Than 30 Days Past Due \| Credit card and other consumer \| Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	91,916	80,441
Total Current or Less Than 30 Days Past Due \| Credit card and other consumer \| Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	105,928	103,343
Total Current or Less Than 30 Days Past Due \| Credit card and other consumer \| Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	156	190
Total Current or Less Than 30 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	580,803	533,393
Total Current or Less Than 30 Days Past Due \| Commercial \| United States
Financing Receivable, Past Due [Line Items]
Loans and leases	357,036	324,417
Total Current or Less Than 30 Days Past Due \| Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	123,959	113,015
Total Current or Less Than 30 Days Past Due \| Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	69,199	62,575
Total Current or Less Than 30 Days Past Due \| Commercial \| Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	13,575	14,680
Total Current or Less Than 30 Days Past Due \| Commercial \| U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 17,034	$ 18,706

Outstanding Loans and Leases _4

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 3,808	$ 4,567
Threshold period past due for nonperforming status of financing receivables	90 days	90 days
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 1,054	$ 1,578
Threshold period past due for nonperforming status of financing receivables	90 days
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 2,754	2,989
Threshold period past due for nonperforming status of financing receivables	90 days
Consumer Portfolio Segment \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 2,167	2,284
Federal National Mortgage Association Certificates and Obligations (FNMA) and Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Long-term credit protection agreements, amount covered	$ 9,500	$ 10,500

Outstanding Loans and Leases _5

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Credit Quality (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 3,808	$ 4,567
Accruing past due 90 days or more	$ 1,711	$ 1,457
Nonperforming loans and leases, percent outstanding	0.37%	0.47%
Accruing past due 90 days or more, percent outstanding	0.16%	0.15%
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 2,754	$ 2,989
Accruing past due 90 days or more	1,087	1,132
Consumer Portfolio Segment \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,167	2,284
Accruing past due 90 days or more	368	634
Consumer Portfolio Segment \| Residential Mortgage With No Related Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,973	1,950
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment \| Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	510	630
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment \| Home Equity Line of Credit No Related Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	393	414
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment \| Credit card
Financing Receivable, Past Due [Line Items]
Accruing past due 90 days or more	717	487
Consumer Portfolio Segment \| Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	77	75
Accruing past due 90 days or more	2	11
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,054	1,578
Accruing past due 90 days or more	624	325
Commercial \| United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	553	825
Accruing past due 90 days or more	190	171
Commercial \| Non United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	212	268
Accruing past due 90 days or more	25	19
Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	271	382
Accruing past due 90 days or more	46	40
Commercial \| Commercial lease financing
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	4	80
Accruing past due 90 days or more	8	8
Commercial \| U.S. small business commercial \| United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	14	23
Accruing past due 90 days or more	355	87
Nonperforming Loans \| Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	260	444
Accruing past due 90 days or more	$ 108	$ 190

Outstanding Loans and Leases _6

Outstanding Loans and Leases and Allowance for Credit Losses - Residential Mortgage - Credit Quality Indicators (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	$ 1,045,747	$ 979,124
Gross charge-offs	3,439	3,797	$ 5,419
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-offs	206	78	$ 98
Consumer real estate \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	229,670	221,963
Originated in current fiscal year	41,529	92,817
Originated in fiscal year before current fiscal year	85,803	47,526
Originated two years before current fiscal year	40,466	24,465
Originated three years before current fiscal year	19,959	7,636
Originated four years before current fiscal year	5,906	11,217
Prior	36,007	38,302
Gross charge-offs	161
Gross charge-offs, Originated in current fiscal year	0
Gross charge-offs, Originated in fiscal year before current fiscal year	6
Gross charge-offs, Originated two years before current fiscal year	5
Gross charge-offs, Originated three years before current fiscal year	6
Gross charge-offs, Originated four years before current fiscal year	1
Gross charge-offs, Prior	143
Consumer real estate \| Less than 620 \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	2,156	2,451
Originated in current fiscal year	377	636
Originated in fiscal year before current fiscal year	518	442
Originated two years before current fiscal year	373	140
Originated three years before current fiscal year	124	120
Originated four years before current fiscal year	84	104
Prior	680	1,009
Consumer real estate \| Greater than or equal to 620 and less than 680 \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	4,978	5,199
Originated in current fiscal year	1,011	1,511
Originated in fiscal year before current fiscal year	1,382	1,123
Originated two years before current fiscal year	840	477
Originated three years before current fiscal year	329	294
Originated four years before current fiscal year	233	307
Prior	1,183	1,487
Consumer real estate \| Greater than or equal to 680 and less than 740 \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	25,444	24,532
Originated in current fiscal year	5,411	8,822
Originated in fiscal year before current fiscal year	8,290	5,454
Originated two years before current fiscal year	4,369	2,785
Originated three years before current fiscal year	2,187	1,057
Originated four years before current fiscal year	830	1,434
Prior	4,357	4,980
Consumer real estate \| Greater than or equal to 740 \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	185,398	177,077
Originated in current fiscal year	34,150	78,003
Originated in fiscal year before current fiscal year	71,946	37,021
Originated two years before current fiscal year	31,782	19,913
Originated three years before current fiscal year	16,370	5,949
Originated four years before current fiscal year	4,603	9,137
Prior	26,547	27,054
Less than or equal to 90 percent \| Consumer real estate \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	215,713	206,562
Originated in current fiscal year	39,625	87,051
Originated in fiscal year before current fiscal year	81,437	43,597
Originated two years before current fiscal year	37,228	23,205
Originated three years before current fiscal year	18,980	7,392
Originated four years before current fiscal year	5,734	10,956
Prior	32,709	34,361
Greater than 90 percent but less than or equal to 100 percent \| Consumer real estate \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	1,615	1,938
Originated in current fiscal year	950	1,401
Originated in fiscal year before current fiscal year	530	331
Originated two years before current fiscal year	93	81
Originated three years before current fiscal year	15	17
Originated four years before current fiscal year	8	14
Prior	19	94
Greater than 100 percent \| Consumer real estate \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	648	759
Originated in current fiscal year	374	520
Originated in fiscal year before current fiscal year	169	112
Originated two years before current fiscal year	43	29
Originated three years before current fiscal year	15	11
Originated four years before current fiscal year	8	12
Prior	39	75
Fully-insured loans \| Consumer real estate \| Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	11,694	12,704
Originated in current fiscal year	580	3,845
Originated in fiscal year before current fiscal year	3,667	3,486
Originated two years before current fiscal year	3,102	1,150
Originated three years before current fiscal year	949	216
Originated four years before current fiscal year	156	235
Prior	$ 3,240	$ 3,772

Outstanding Loans and Leases _7

Outstanding Loans and Leases and Allowance for Credit Losses - Home Equity - Credit Quality Indicators Including Vintage (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,045,747	$ 979,124
Gross charge-offs	3,439	3,797	$ 5,419
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-offs	206	78	$ 98
Consumer real estate \| Home Equity Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	26,563	27,935
Gross charge-offs	45
Consumer real estate \| Home Equity Loan \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	683	893
Consumer real estate \| Home Equity Loan \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,190	1,434
Consumer real estate \| Home Equity Loan \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,321	4,625
Consumer real estate \| Home Equity Loan \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	20,369	20,983
Consumer real estate \| Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,361	1,913
Gross charge-offs	5
Consumer real estate \| Home Equity Loans and Reverse Mortgages \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	166	244
Consumer real estate \| Home Equity Loans and Reverse Mortgages \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	152	222
Consumer real estate \| Home Equity Loans and Reverse Mortgages \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	312	468
Consumer real estate \| Home Equity Loans and Reverse Mortgages \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	731	979
Consumer real estate \| Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	937	1,300
Consumer real estate \| Home Equity Loan no Longer Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	424	582
Consumer real estate \| Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	20,019	19,183
Gross charge-offs, Revolving Loans	24
Consumer real estate \| Revolving Loans \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	189	209
Consumer real estate \| Revolving Loans \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	507	495
Consumer real estate \| Revolving Loans \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	2,747	2,493
Consumer real estate \| Revolving Loans \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	16,576	15,986
Consumer real estate \| Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	5,183	6,839
Gross charge-offs, Revolving Loans Converted to Term Loans	16
Consumer real estate \| Revolving Loans Converted to Term Loans \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	328	440
Consumer real estate \| Revolving Loans Converted to Term Loans \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	531	717
Consumer real estate \| Revolving Loans Converted to Term Loans \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	1,262	1,664
Consumer real estate \| Revolving Loans Converted to Term Loans \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	3,062	4,018
Less than or equal to 90 percent \| Consumer real estate \| Home Equity Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	26,395	27,594
Less than or equal to 90 percent \| Consumer real estate \| Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,304	1,773
Less than or equal to 90 percent \| Consumer real estate \| Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	19,960	19,095
Less than or equal to 90 percent \| Consumer real estate \| Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	5,131	6,726
Greater than 90 percent but less than or equal to 100 percent \| Consumer real estate \| Home Equity Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	62	130
Greater than 90 percent but less than or equal to 100 percent \| Consumer real estate \| Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	20	55
Greater than 90 percent but less than or equal to 100 percent \| Consumer real estate \| Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	24	34
Greater than 90 percent but less than or equal to 100 percent \| Consumer real estate \| Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	18	41
Greater than 100 percent \| Consumer real estate \| Home Equity Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	106	211
Greater than 100 percent \| Consumer real estate \| Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	37	85
Greater than 100 percent \| Consumer real estate \| Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	35	54
Greater than 100 percent \| Consumer real estate \| Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	$ 34	$ 72

Outstanding Loans and Leases _8

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - Credit Quality Indicators (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	$ 1,045,747	$ 979,124
Gross charge-offs	3,439	3,797	$ 5,419
Credit Card and Direct/ Indirect Consumer \| Direct/indirect consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	106,236	103,560
Revolving Loans	53,563	54,354
Originated in current fiscal year	22,358	22,060
Originated in fiscal year before current fiscal year	15,544	10,883
Originated two years before current fiscal year	7,074	8,110
Originated three years before current fiscal year	3,803	3,447
Originated four years before current fiscal year	1,602	2,185
Prior	2,292	2,521
Revolving Loans	53,563	54,354
Gross charge-offs	232
Gross charge-offs, Revolving Loans	7
Gross charge-offs, Originated in current fiscal year	31
Gross charge-offs, Originated in fiscal year before current fiscal year	79
Gross charge-offs, Originated two years before current fiscal year	34
Gross charge-offs, Originated three years before current fiscal year	27
Gross charge-offs, Originated four years before current fiscal year	14
Gross charge-offs, Prior	40
Gross charge-offs, Revolving Loans	7
Loans and lease receivable, securities based lending	53,400	54,200
Credit Card and Direct/ Indirect Consumer \| Direct/indirect consumer \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	847	685
Revolving Loans	12	13
Originated in current fiscal year	237	179
Originated in fiscal year before current fiscal year	301	115
Originated two years before current fiscal year	113	129
Originated three years before current fiscal year	84	79
Originated four years before current fiscal year	43	101
Prior	57	69
Revolving Loans	12	13
Credit Card and Direct/ Indirect Consumer \| Direct/indirect consumer \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	2,521	2,313
Revolving Loans	12	14
Originated in current fiscal year	1,108	1,170
Originated in fiscal year before current fiscal year	816	414
Originated two years before current fiscal year	269	313
Originated three years before current fiscal year	150	148
Originated four years before current fiscal year	69	134
Prior	97	120
Revolving Loans	12	14
Credit Card and Direct/ Indirect Consumer \| Direct/indirect consumer \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	8,895	8,530
Revolving Loans	52	60
Originated in current fiscal year	4,091	4,552
Originated in fiscal year before current fiscal year	2,730	1,659
Originated two years before current fiscal year	992	1,126
Originated three years before current fiscal year	520	466
Originated four years before current fiscal year	214	314
Prior	296	353
Revolving Loans	52	60
Credit Card and Direct/ Indirect Consumer \| Direct/indirect consumer \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	39,679	37,164
Revolving Loans	83	94
Originated in current fiscal year	16,663	15,876
Originated in fiscal year before current fiscal year	11,392	8,642
Originated two years before current fiscal year	5,630	6,465
Originated three years before current fiscal year	2,992	2,679
Originated four years before current fiscal year	1,236	1,573
Prior	1,683	1,835
Revolving Loans	83	94
Credit Card and Direct/ Indirect Consumer \| Direct/indirect consumer \| Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Total as of December 31, 2022	54,294	54,868
Revolving Loans	53,404	54,173
Originated in current fiscal year	259	283
Originated in fiscal year before current fiscal year	305	53
Originated two years before current fiscal year	70	77
Originated three years before current fiscal year	57	75
Originated four years before current fiscal year	40	63
Prior	159	144
Revolving Loans	53,404	54,173
Credit Card and Direct/ Indirect Consumer \| Credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	92,830	80,838
Total Credit Card as of December 31, 2022	93,421	81,438
Revolving Loans	92,830	80,838
Revolving Loans Converted to Term Loans	591	600
Gross charge-offs, Revolving Loans	1,909
Gross charge-offs, Total Revolving Loans And Revolving Loans Converted to Term Loans	1,985
Gross charge-offs, Revolving Loans	1,909
Gross charge-offs, Revolving Loans Converted to Term Loans	76
Credit Card and Direct/ Indirect Consumer \| Credit card \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	3,866	2,857
Total Credit Card as of December 31, 2022	4,056	3,017
Revolving Loans	3,866	2,857
Revolving Loans Converted to Term Loans	190	160
Credit Card and Direct/ Indirect Consumer \| Credit card \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	10,805	9,064
Total Credit Card as of December 31, 2022	10,994	9,264
Revolving Loans	10,805	9,064
Revolving Loans Converted to Term Loans	189	200
Credit Card and Direct/ Indirect Consumer \| Credit card \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	32,017	28,155
Total Credit Card as of December 31, 2022	32,186	28,347
Revolving Loans	32,017	28,155
Revolving Loans Converted to Term Loans	169	192
Credit Card and Direct/ Indirect Consumer \| Credit card \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	46,142	40,762
Total Credit Card as of December 31, 2022	46,185	40,810
Revolving Loans	46,142	40,762
Revolving Loans Converted to Term Loans	43	48
Credit Card and Direct/ Indirect Consumer \| Credit card \| Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	0	0
Total Credit Card as of December 31, 2022	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	$ 0	$ 0

Outstanding Loans and Leases _9

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial - Credit Quality Indicators (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,045,747	$ 979,124
Gross charge-offs	3,439	3,797	$ 5,419
Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,771	7,819
United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	151
Originated in current fiscal year	2
Originated in fiscal year before current fiscal year	24
Originated two years before current fiscal year	24
Originated three years before current fiscal year	9
Originated four years before current fiscal year	6
Prior	13
Revolving Loans	73
Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	41
Originated in current fiscal year	0
Originated in fiscal year before current fiscal year	3
Originated two years before current fiscal year	1
Originated three years before current fiscal year	0
Originated four years before current fiscal year	37
Prior	0
Revolving Loans	0
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	75
Originated in current fiscal year	0
Originated in fiscal year before current fiscal year	0
Originated two years before current fiscal year	6
Originated three years before current fiscal year	0
Originated four years before current fiscal year	26
Prior	43
Revolving Loans	0
Commercial Lease Financing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	8
Originated in current fiscal year	0
Originated in fiscal year before current fiscal year	4
Originated two years before current fiscal year	0
Originated three years before current fiscal year	4
Originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
U.S. small business commercial \| United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	31
Originated in current fiscal year	0
Originated in fiscal year before current fiscal year	1
Originated two years before current fiscal year	11
Originated three years before current fiscal year	4
Originated four years before current fiscal year	1
Prior	6
Revolving Loans	8
Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	306
Originated in current fiscal year	2
Originated in fiscal year before current fiscal year	32
Originated two years before current fiscal year	42
Originated three years before current fiscal year	17
Originated four years before current fiscal year	70
Prior	62
Revolving Loans	81
Small Business Card Loans \| United States
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-offs	172
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	589,362	543,420
Gross charge-offs	478	719	$ 1,675
Commercial \| Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,432	7,201
Commercial \| United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	358,481	325,936
Originated in current fiscal year	61,478	56,460
Originated in fiscal year before current fiscal year	40,511	25,699
Originated two years before current fiscal year	19,306	24,681
Originated three years before current fiscal year	17,450	13,054
Originated four years before current fiscal year	9,951	10,940
Prior	31,138	24,949
Revolving Loans	178,647	170,153
Commercial \| United States \| Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	348,447	315,618
Originated in current fiscal year	61,200	55,862
Originated in fiscal year before current fiscal year	39,717	25,012
Originated two years before current fiscal year	18,609	23,373
Originated three years before current fiscal year	16,566	11,439
Originated four years before current fiscal year	8,749	10,426
Prior	30,282	23,877
Revolving Loans	173,324	165,629
Commercial \| United States \| Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	10,034	10,318
Originated in current fiscal year	278	598
Originated in fiscal year before current fiscal year	794	687
Originated two years before current fiscal year	697	1,308
Originated three years before current fiscal year	884	1,615
Originated four years before current fiscal year	1,202	514
Prior	856	1,072
Revolving Loans	5,323	4,524
Commercial \| Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	124,479	113,266
Originated in current fiscal year	24,884	25,972
Originated in fiscal year before current fiscal year	19,493	9,027
Originated two years before current fiscal year	5,514	7,620
Originated three years before current fiscal year	4,207	4,796
Originated four years before current fiscal year	2,521	3,273
Prior	5,172	3,278
Revolving Loans	62,688	59,300
Commercial \| Non United States \| Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	121,890	110,787
Originated in current fiscal year	24,839	25,749
Originated in fiscal year before current fiscal year	19,098	8,703
Originated two years before current fiscal year	5,183	7,133
Originated three years before current fiscal year	3,882	4,521
Originated four years before current fiscal year	2,423	3,016
Prior	4,697	3,062
Revolving Loans	61,768	58,603
Commercial \| Non United States \| Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	2,589	2,479
Originated in current fiscal year	45	223
Originated in fiscal year before current fiscal year	395	324
Originated two years before current fiscal year	331	487
Originated three years before current fiscal year	325	275
Originated four years before current fiscal year	98	257
Prior	475	216
Revolving Loans	920	697
Commercial \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	69,766	63,009
Originated in current fiscal year	15,301	14,679
Originated in fiscal year before current fiscal year	13,926	8,234
Originated two years before current fiscal year	6,301	13,474
Originated three years before current fiscal year	10,514	7,420
Originated four years before current fiscal year	5,535	3,922
Prior	9,623	8,295
Revolving Loans	8,566	6,985
Commercial \| Commercial real estate \| Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	64,619	55,511
Originated in current fiscal year	15,290	14,402
Originated in fiscal year before current fiscal year	13,089	7,244
Originated two years before current fiscal year	5,756	11,237
Originated three years before current fiscal year	9,013	5,710
Originated four years before current fiscal year	4,384	3,326
Prior	8,606	6,831
Revolving Loans	8,481	6,761
Commercial \| Commercial real estate \| Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,147	7,498
Originated in current fiscal year	11	277
Originated in fiscal year before current fiscal year	837	990
Originated two years before current fiscal year	545	2,237
Originated three years before current fiscal year	1,501	1,710
Originated four years before current fiscal year	1,151	596
Prior	1,017	1,464
Revolving Loans	85	224
Commercial \| Commercial real estate \| United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	64,900	58,200
Commercial \| Commercial real estate \| Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,800	4,800
Commercial \| Commercial Lease Financing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	13,644	14,825
Originated in current fiscal year	3,264	3,305
Originated in fiscal year before current fiscal year	2,792	2,503
Originated two years before current fiscal year	1,967	2,518
Originated three years before current fiscal year	1,649	2,097
Originated four years before current fiscal year	1,351	1,789
Prior	2,621	2,613
Revolving Loans	0	0
Commercial \| Commercial Lease Financing \| Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	13,404	14,438
Originated in current fiscal year	3,255	3,280
Originated in fiscal year before current fiscal year	2,757	2,485
Originated two years before current fiscal year	1,955	2,427
Originated three years before current fiscal year	1,578	2,030
Originated four years before current fiscal year	1,301	1,741
Prior	2,558	2,475
Revolving Loans	0	0
Commercial \| Commercial Lease Financing \| Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	240	387
Originated in current fiscal year	9	25
Originated in fiscal year before current fiscal year	35	18
Originated two years before current fiscal year	12	91
Originated three years before current fiscal year	71	67
Originated four years before current fiscal year	50	48
Prior	63	138
Revolving Loans	0	0
Commercial \| U.S. small business commercial \| United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	9,055	12,051
Originated in current fiscal year	1,836	4,269
Originated in fiscal year before current fiscal year	1,988	2,951
Originated two years before current fiscal year	1,456	1,150
Originated three years before current fiscal year	940	850
Originated four years before current fiscal year	675	687
Prior	2,030	2,000
Revolving Loans	130	144
Commercial \| U.S. small business commercial \| United States \| Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	8,726	11,618
Originated in current fiscal year	1,825	4,257
Originated in fiscal year before current fiscal year	1,953	2,922
Originated two years before current fiscal year	1,408	1,059
Originated three years before current fiscal year	864	763
Originated four years before current fiscal year	624	623
Prior	1,925	1,853
Revolving Loans	127	141
Commercial \| U.S. small business commercial \| United States \| Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	329	433
Originated in current fiscal year	11	12
Originated in fiscal year before current fiscal year	35	29
Originated two years before current fiscal year	48	91
Originated three years before current fiscal year	76	87
Originated four years before current fiscal year	51	64
Prior	105	147
Revolving Loans	3	3
Commercial \| Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	575,425	529,087
Originated in current fiscal year	106,763	104,685
Originated in fiscal year before current fiscal year	78,710	48,414
Originated two years before current fiscal year	34,544	49,443
Originated three years before current fiscal year	34,760	28,217
Originated four years before current fiscal year	20,033	20,611
Prior	50,584	41,135
Revolving Loans	250,031	236,582
Commercial \| Small Business Card Loans \| Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	297	192
Commercial \| Small Business Card Loans \| Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	859	618
Commercial \| Small Business Card Loans \| Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	2,400	1,900
Commercial \| Small Business Card Loans \| Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,000	4,400
Commercial \| Small Business Card Loans \| United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 8,500	$ 7,100

Outstanding Loans and Leases_10

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Quality Indicators, Narrative (Details) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Commercial reservable criticized utilized exposure, amount	$ 19.3	$ 22.4
Commercial reservable criticized utilized exposure, percent	3.12%	3.91%

Outstanding Loans and Leases_11

Outstanding Loans and Leases and Allowance for Credit Losses - Troubled Debt Restructurings, Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) payment	Dec. 31, 2021 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,045,747	$ 979,124
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Real estate acquired through foreclosure	121	101
Loans with formal foreclosure proceeding in process	871	1,100
Reclassified consumer real estate loans	$ 190	$ 64
Number of missing payments causing default \| payment	3
Consumer real estate \| Chapter Seven Bankruptcy
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 211
Nonperforming Loans \| Consumer real estate \| Chapter Seven Bankruptcy \| US Government Sponsored-Enterprise Insured Loans \| Federal Housing Administration
Financing Receivable, Credit Quality Indicator [Line Items]
Real estate acquired through foreclosure	53
Performing Financial Instruments \| Consumer real estate \| Chapter Seven Bankruptcy \| US Government Sponsored-Enterprise Insured Loans \| Federal Housing Administration
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 33

Outstanding Loans and Leases_12

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - TDRs Entered into During the Period (Details) - Consumer real estate - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 1,382	$ 998	$ 819
Carrying Value	$ 1,206	$ 865	$ 715
Pre-Modification Interest Rate	3.71%	3.49%	3.66%
Post-Modification Interest Rate	3.62%	3.41%	3.59%
Residential Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 1,144	$ 891	$ 732
Carrying Value	$ 1,015	$ 788	$ 646
Pre-Modification Interest Rate	3.52%	3.48%	3.66%
Post-Modification Interest Rate	3.40%	3.38%	3.59%
Home equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 238	$ 107	$ 87
Carrying Value	$ 191	$ 77	$ 69
Pre-Modification Interest Rate	4.61%	3.60%	3.67%
Post-Modification Interest Rate	4.65%	3.59%	3.61%

Outstanding Loans and Leases_13

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - Modification Programs (Details) - Consumer real estate - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	$ 1,206	$ 865	$ 715
Modifications under government programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	2	4	13
Modifications under proprietary programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	1,100	774	570
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	14	33	53
Trial modifications
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total modifications	$ 90	$ 54	$ 79

Outstanding Loans and Leases_14

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - TDRs Entering Payment Default That Were Modified During the Preceding 12 Months (Details) - Consumer real estate - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 216	$ 160	$ 140
Modifications under government programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	0	4	16
Modifications under proprietary programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	189	128	51
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	2	9	19
Trial modifications
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 25	$ 19	$ 54

Outstanding Loans and Leases_15

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Entered into During the Period (Details) - Credit card and other consumer - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 290	$ 260	$ 321
Carrying Value	$ 298	$ 264	$ 314
Pre-Modification Interest Rate	22.06%	17.68%	16.70%
Post-Modification Interest Rate	3.92%	4.20%	5.65%
Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 284	$ 237	$ 269
Carrying Value	$ 293	$ 248	$ 277
Pre-Modification Interest Rate	22.34%	18.45%	18.16%
Post-Modification Interest Rate	3.89%	4.09%	5.63%
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Unpaid Principal Balance	$ 6	$ 23	$ 52
Carrying Value	$ 5	$ 16	$ 37
Pre-Modification Interest Rate	5.51%	5.88%	5.83%
Post-Modification Interest Rate	5.50%	5.88%	5.83%

Outstanding Loans and Leases_16

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Modified by Program Type (Details) - Credit card and other consumer - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	$ 298	$ 264	$ 314
Internal programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	251	214	225
External programs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	44	44	73
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying Value	$ 3	$ 6	$ 16

Outstanding Loans and Leases_17

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Entered into During the Period, Narrative (Details) - Credit card and other consumer	12 Months Ended
	Dec. 31, 2022 payment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of consecutive missed payments	2
Period for payment default after modification	12 months
Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percent expected to be in payment default within 12 months after modification	15%
Direct/indirect consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percent expected to be in payment default within 12 months after modification	15%

Outstanding Loans and Leases_18

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial Loans, Loans Held-for-sale and Accrued Interest Receivable (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale		$ 6,871	$ 15,635
Originations and purchases		24,862	43,635	$ 19,657
Net non-cash transfers into LHFS		1,900	808
Accrued interest receivable		$ 3,800	$ 2,200
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Other Receivables	Other Receivables
Credit card lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest and fee income reversed		$ 332	$ 446
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value		1,900	1,300	1,200
Lending commitments		358	283	402
Commitments in payment default		105	262	218
Loans held for sale		6,900	15,600
Proceeds from sales and paydowns of loans originally classified as LHFS		32,000	43,600	20,100
Originations and purchases		$ 24,900	$ 37,300	$ 19,700
Affinity Card Loan Portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-cash transfers into LHFS of affinity card loan portfolio	$ 1,600

Outstanding Loans and Leases_19

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Unemployment rate, previous economic outlook			5%
U.S. gross domestic product, previous economic outlook			2.10%
Allowance for credit losses			$ 14,222		$ 14,222	$ 13,843	$ 20,680
Allowance for credit losses, period increase					379
Loan and leases receivable, allowance, period increase (decrease)					295
Reserve for unfunded lending commitments, period increase					84
Increase in provision for credit losses					7,100
Provision (benefit) for credit losses					2,543	(4,594)	11,320
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					68,700
Scenario, Forecast
Financing Receivable, Allowance for Credit Loss [Line Items]
Overall economic outlook for recessionary environment				95%
Unemployment rate, current economic outlook	5%	5.50%
U.S. gross domestic product, current economic outlook	1.20%	0.40%
Unemployment rate, previous economic outlook		5%
U.S. gross domestic product, previous economic outlook		1.90%
Credit card and other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			6,817		6,817	6,476	9,213
Loan and leases receivable, allowance, period increase (decrease)					341
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			6,891		6,891	6,714	10,472
Loan and leases receivable, allowance, period increase (decrease)					177
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					47,700
Consumer real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses			$ 514		514	$ 653	$ 995
Loan and leases receivable, allowance, period increase (decrease)					(139)
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					$ 21,000

Outstanding Loans and Leases_20

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance by Portfolio Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning balance	$ 12,387	$ 18,802	$ 12,358
Loans and leases charged off	(3,439)	(3,797)	(5,419)
Recoveries of loans and leases previously charged off	1,267	1,554	1,298
Net charge-offs	(2,172)	(2,243)	(4,121)
Provision for loan and lease losses	2,460	(4,173)	10,565
Other	7	1	0
Allowance for loan and lease losses, ending balance	12,682	12,387	18,802
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,456	1,878	1,123
Provision for unfunded lending commitments	83	(421)	755
Other	1	(1)
Reserve for unfunded lending commitments, ending balance	1,540	1,456	1,878
Allowance for credit losses	14,222	13,843	20,680
Consumer real estate
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning balance	557	858	440
Loans and leases charged off	(206)	(78)	(98)
Recoveries of loans and leases previously charged off	224	225	201
Net charge-offs	18	147	103
Provision for loan and lease losses	(164)	(449)	307
Other	9	1	8
Allowance for loan and lease losses, ending balance	420	557	858
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	96	137	119
Provision for unfunded lending commitments	(3)	(41)	18
Other	1	0
Reserve for unfunded lending commitments, ending balance	94	96	137
Allowance for credit losses	514	653	995
Credit card and other consumer
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning balance	6,476	9,213	7,430
Loans and leases charged off	(2,755)	(3,000)	(3,646)
Recoveries of loans and leases previously charged off	882	1,006	891
Net charge-offs	(1,873)	(1,994)	(2,755)
Provision for loan and lease losses	2,215	(744)	4,538
Other	(1)	1	0
Allowance for loan and lease losses, ending balance	6,817	6,476	9,213
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	0	0	0
Provision for unfunded lending commitments	0	0	0
Other	0	0
Reserve for unfunded lending commitments, ending balance	0	0	0
Allowance for credit losses	6,817	6,476	9,213
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses, beginning balance	5,354	8,731	4,488
Loans and leases charged off	(478)	(719)	(1,675)
Recoveries of loans and leases previously charged off	161	323	206
Net charge-offs	(317)	(396)	(1,469)
Provision for loan and lease losses	409	(2,980)	5,720
Other	(1)	(1)	(8)
Allowance for loan and lease losses, ending balance	5,445	5,354	8,731
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,360	1,741	1,004
Provision for unfunded lending commitments	86	(380)	737
Other	0	(1)
Reserve for unfunded lending commitments, ending balance	1,446	1,360	1,741
Allowance for credit losses	$ 6,891	$ 6,714	$ 10,472

Securitizations and Other Var_3

Securitizations and Other Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 978	$ 968

Securitizations and Other Var_4

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Mortgage-backed securities, fair value			$ 8,400
Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	$ 8,084	$ 6,664	15,823
Gains on securitizations	8	9	728
Repurchases from securitization trusts	53	756	436
Gain (loss) on loans securitized	41	121	160
Deconsolidation of securitizations	784		9,300
Residential Mortgage - Agency \| Other income
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Gains on securitizations			704
Commercial
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	5,853	10,874	5,084
Gains on securitizations	46	156	61
Repurchases from securitization trusts	0	0	0
First Lien Mortgages
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Mortgage loans serviced for investors	100,100	115,400
Servicing fees	274	392	$ 474
Transfers continuing involvement servicing fee advances	$ 1,600	$ 2,000

Securitizations and Other Var_5

Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
On-balance sheet assets
Trading account assets	$ 296,108	$ 247,080
Debt securities carried at fair value	229,994	308,073
Held-to-maturity securities	632,863	674,591
All other assets	150,759	163,869
Loans and leases	1,045,747	979,124
Total assets	3,051,375	3,169,495
Total liabilities	2,778,178	2,899,429
Consolidated VIEs
On-balance sheet assets
Trading account assets	2,816	5,004
All other assets	116	189
Loans and leases	16,738	17,135
Total assets	18,873	21,370
Total liabilities	4,636	3,841
Agency \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	9,112	11,600
On-balance sheet assets
All other assets	0	0
Total assets	9,112	11,600
Principal balance outstanding	81,644	93,142
Agency \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,735	1,644
On-balance sheet assets
Trading account assets	1,735	1,644
Loans and leases	0	0
Total assets	1,735	1,644
Total liabilities	0	0
Agency \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	232	175
Debt securities carried at fair value	3,027	5,009
Held-to-maturity securities	5,853	6,416
Non-agency \| Prime \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	91	121
On-balance sheet assets
All other assets	3	3
Total assets	6	11
Principal balance outstanding	3,973	4,710
Non-agency \| Prime \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	49
On-balance sheet assets
Trading account assets	0	0
Loans and leases	0	58
Total assets	0	58
Total liabilities	0	9
Non-agency \| Prime \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	3	8
Debt securities carried at fair value	0	0
Held-to-maturity securities	0	0
Non-agency \| Subprime \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	735	908
On-balance sheet assets
All other assets	25	29
Total assets	460	610
Principal balance outstanding	5,034	6,179
Non-agency \| Subprime \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	78	0
On-balance sheet assets
Trading account assets	78	0
Loans and leases	0	0
Total assets	78	0
Total liabilities	0	0
Non-agency \| Subprime \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	25	44
Debt securities carried at fair value	410	537
Held-to-maturity securities	0	0
Non-agency \| Alt-A \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	28	14
On-balance sheet assets
All other assets	2	2
Total assets	28	14
Principal balance outstanding	11,568	13,627
Non-agency \| Alt-A \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Trading account assets	0	0
Loans and leases	0	0
Total assets	0	0
Total liabilities	0	0
Non-agency \| Alt-A \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	26	12
Debt securities carried at fair value	0	0
Held-to-maturity securities	0	0
Commercial Mortgage
On-balance sheet assets
Debt securities carried at fair value	6,418
Commercial Mortgage \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,594	1,445
On-balance sheet assets
All other assets	101	93
Total assets	1,460	1,271
Principal balance outstanding	85,101	85,540
Commercial Mortgage \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Trading account assets	0	0
Loans and leases	0	0
Total assets	0	0
Total liabilities	0	0
Commercial Mortgage \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	91	21
Debt securities carried at fair value	0	0
Held-to-maturity securities	$ 1,268	$ 1,157

Securitizations and Other Var_6

Securitizations and Other Variable Interest Entities - Home Equity Loan, Credit Card and Other Asset-backed VIEs (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
On-balance sheet assets
Trading account assets	$ 296,108	$ 247,080
Debt securities carried at fair value	229,994	308,073
Held-to-maturity securities	632,863	674,591
Total assets	3,051,375	3,169,495
Loans and leases	1,045,747	979,124
Allowance for loan and lease losses	(12,682)	(12,387)	$ (18,802)	$ (12,358)
Other assets	150,759	163,869
On-balance sheet liabilities
Long-term debt	275,982	280,117
Total liabilities	2,778,178	2,899,429
Consolidated VIEs
On-balance sheet assets
Trading account assets	2,816	5,004
Total assets	18,873	21,370
Loans and leases	16,738	17,135
Allowance for loan and lease losses	(797)	(958)
Other assets	116	189
On-balance sheet liabilities
Long-term debt	4,581	3,587
All other liabilities	13	7
Total liabilities	4,636	3,841
Home equity \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	119	152
On-balance sheet assets
Total retained positions	1	1
Total assets	326	430
Home equity \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	32	45
On-balance sheet assets
Trading account assets	0	0
Total assets	111	157
Loans and leases	97	140
Allowance for loan and lease losses	12	14
Other assets	2	3
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	79	113
All other liabilities	0	0
Total liabilities	79	113
Home equity \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0	0
Debt securities carried at fair value	1	1
Held-to-maturity securities	0	0
Credit card \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	0
On-balance sheet assets
Total retained positions	0	0
Total assets	0	0
Credit card \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	9,555	10,279
On-balance sheet assets
Trading account assets	0	0
Total assets	13,815	13,534
Loans and leases	14,555	14,434
Allowance for loan and lease losses	(808)	(970)
Other assets	68	70
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	4,247	3,248
All other liabilities	13	7
Total liabilities	4,260	3,255
Residual interests	3,300	4,300
Credit card \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0	0
Debt securities carried at fair value	0	0
Held-to-maturity securities	0	0
Resecuritization Trusts \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	4,243	6,089
On-balance sheet assets
Total retained positions	4,243	6,089
Total assets	12,255	18,633
Resecuritization Trusts \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	551	680
On-balance sheet assets
Trading account assets	650	686
Total assets	650	686
Loans and leases	0	0
Allowance for loan and lease losses	0	0
Other assets	0	0
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	99	6
All other liabilities	0	0
Total liabilities	99	6
Resecuritization Trusts \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	456	1,030
Debt securities carried at fair value	1,259	1,903
Held-to-maturity securities	2,528	3,156
Municipal Bond Trusts \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	2,537	4,094
On-balance sheet assets
Total retained positions	0	0
Total assets	3,016	4,655
Municipal Bond Trusts \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0	210
On-balance sheet assets
Trading account assets	0	122
Total assets	0	210
Loans and leases	0	0
Allowance for loan and lease losses	0	0
Other assets	0	88
On-balance sheet liabilities
Short-term borrowings	0	196
Long-term debt	0	0
All other liabilities	0	0
Total liabilities	0	196
Municipal Bond Trusts \| Senior securities: \| Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0	0
Debt securities carried at fair value	0	0
Held-to-maturity securities	$ 0	$ 0

Securitizations and Other Var_7

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 978	$ 968
Credit card
Variable Interest Entity [Line Items]
Principal balance outstanding	$ 6,700	$ 6,500
Transferred financial assets, stated interest rate	0%	0%
Credit card \| Senior securities:
Variable Interest Entity [Line Items]
Transferred financial assets, amount	$ 2,300	$ 1,000	$ 1,000
Credit card \| Junior Lien
Variable Interest Entity [Line Items]
Transferred financial assets, amount	363	161	161
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	21,800	28,900	39,000
Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	2,400	2,200	6,100
Total trading account assets \| Fair Value, Inputs, Level 2
Variable Interest Entity [Line Items]
Resecuritization proceeds			2,400
AFS securities \| Fair Value, Inputs, Level 2
Variable Interest Entity [Line Items]
Resecuritization proceeds			2,100
Debt Securities, Held To Maturity \| Fair Value, Inputs, Level 2
Variable Interest Entity [Line Items]
Resecuritization proceeds			$ 1,700
Municipal Bond Trusts \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 2,500	$ 4,100
Weighted average remaining life of bonds held in the trusts in years	8 years 8 months 12 days

Securitizations and Other Var_8

Securitizations and Other Variable Interest Entities - Other Variable Interest Entities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
On-balance sheet assets
Trading account assets	$ 296,108	$ 247,080
Debt securities carried at fair value	229,994	308,073
Loans and leases	1,045,747	979,124
Allowance for loan and lease losses	(12,682)	(12,387)	$ (18,802)	$ (12,358)
All other assets	150,759	163,869
Total assets	3,051,375	3,169,495
On-balance sheet liabilities
Long-term debt	275,982	280,117
Total liabilities	2,778,178	2,899,429
Consolidated VIEs
On-balance sheet assets
Trading account assets	2,816	5,004
Loans and leases	16,738	17,135
Allowance for loan and lease losses	(797)	(958)
All other assets	116	189
Total assets	18,873	21,370
On-balance sheet liabilities
Long-term debt	4,581	3,587
All other liabilities	13	7
Total liabilities	4,636	3,841
Other Variable Interest Entities
On-balance sheet liabilities
Total assets of VIEs, Unconsolidated	101,271	92,249
Total assets of VIEs	103,755	97,330
Other Variable Interest Entities \| Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	2,286	4,819
On-balance sheet assets
Trading account assets	353	2,552
Debt securities carried at fair value	0	0
Loans and leases	2,086	2,503
Allowance for loan and lease losses	(1)	(2)
All other assets	46	28
Total assets	2,484	5,081
On-balance sheet liabilities
Short-term borrowings	42	51
Long-term debt	156	211
All other liabilities	0	0
Total liabilities	198	262
Other Variable Interest Entities \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	31,405	27,790
On-balance sheet assets
Trading account assets	638	626
Debt securities carried at fair value	5	7
Loans and leases	90	47
Allowance for loan and lease losses	(12)	(12)
All other assets	30,221	26,628
Total assets	30,942	27,296
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	0	0
All other liabilities	7,318	6,548
Total liabilities	7,318	6,548
Other Variable Interest Entities \| Variable Interest Entity
Variable Interest Entity [Line Items]
Maximum loss exposure	33,691	32,609
On-balance sheet assets
Trading account assets	991	3,178
Debt securities carried at fair value	5	7
Loans and leases	2,176	2,550
Allowance for loan and lease losses	(13)	(14)
All other assets	30,267	26,656
Total assets	33,426	32,377
On-balance sheet liabilities
Short-term borrowings	42	51
Long-term debt	156	211
All other liabilities	7,318	6,548
Total liabilities	$ 7,516	$ 6,810

Securitizations and Other Var_9

Securitizations and Other Variable Interest Entities - Other Variable Interest Entities, Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Total assets	$ 3,051,375	$ 3,169,495
Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	18,873	21,370
Customer Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	914	2,900
Collateralized Debt Obligations
Variable Interest Entity [Line Items]
Maximum loss exposure	197	235
Investment Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	2,400	2,000
Investment Vehicles \| Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	854	1,000
Investment Vehicles \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Total assets	12,200	7,100
Leveraged Lease Trusts \| Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	1,200	1,500
Tax Credit Vehicles
Investments in Affordable Housing Projects [Abstract]
Investments in affordable housing project investments	14,100	12,600
Unfunded commitments	$ 6,600	5,800
Unfunded commitment payment period	5 years
Tax credits and other benefits	$ 1,500	1,300	1,200
Pretax losses	1,200	1,100	$ 1,000
Tax Credit Vehicles \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	28,800	25,700
Renewable Energy Investments
Variable Interest Entity [Line Items]
Unfunded capital contributions	$ 1,900	$ 1,000
Term of unfunded capital contributions (in years)	2 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Total goodwill	$ 69,022	$ 69,022
Operating Segments \| Consumer Banking
Goodwill [Line Items]
Total goodwill	30,137	30,137
Operating Segments \| Global Wealth & Investment Management
Goodwill [Line Items]
Total goodwill	9,677	9,677
Operating Segments \| Global Banking
Goodwill [Line Items]
Total goodwill	24,026	24,026
Operating Segments \| Global Markets
Goodwill [Line Items]
Total goodwill	$ 5,182	$ 5,182

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 2,100	$ 2,200
Amortization of intangibles	78	76	$ 95
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 1,600	$ 1,600

Leases - Lessor Arrangements (D

Leases - Lessor Arrangements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Lease receivables	$ 15,123	$ 16,806
Unguaranteed residuals	2,143	2,078
Total net investment in sales-type and direct financing leases	17,266	18,884
Unguaranteed residual asset with third-party residual value insurance	$ 6,500	$ 7,100

Leases - Lease Income (Details)

Leases - Lease Income (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Lease Income (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Sales-type and direct financing leases	$ 589	$ 613	$ 707
Operating Lease Income, Comprehensive Income, Extensible List Not Disclosed Flag	Operating leases	Operating leases
Operating leases	$ 941	$ 930	931
Total lease income	$ 1,530	$ 1,543	$ 1,638

Leases - Lease Cost and Supplem

Leases - Lease Cost and Supplemental Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Right-of-use asset	$ 9,755	$ 10,233
Lease liabilities	$ 10,359	$ 10,858
Weighted-average discount rate used to calculate present value of future minimum lease payments	3.25%	2.91%
Weighted-average lease term (in years)	8 years 7 months 6 days	9 years
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 824	$ 1,713
Operating cash flows from operating leases	1,986	1,964	$ 2,039
Lease Cost and Supplemental Information:
Operating lease cost	2,008	2,025	2,149
Variable lease cost	464	462	474
Total lease cost	$ 2,472	$ 2,487	$ 2,623

Leases - Maturity of Lessor and

Leases - Maturity of Lessor and Lessee Arrangements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 819
2024	682
2025	509
2026	368
2027	289
Thereafter	664
Total undiscounted cash flows	3,331
Sales-type and Direct Financing Leases
2023	4,932
2024	4,399
2025	2,539
2026	1,993
2027	990
Thereafter	1,635
Total undiscounted cash flows	16,488
Less: Net present value adjustment	1,365
Total	15,123	$ 16,806
Operating Leases
2023	1,998
2024	1,850
2025	1,567
2026	1,354
2027	1,131
Thereafter	4,189
Total undiscounted cash flows	12,089
Less: Net present value adjustment	1,730
Total	10,359	$ 10,858
Lessee arrangements that have not yet commenced	278
Commercial
Sales-type and Direct Financing Leases
Total	10,200
Consumer Portfolio Segment
Sales-type and Direct Financing Leases
Total	$ 4,900

Deposits - Contractual Maturiti

Deposits - Contractual Maturities (Details) $ in Millions	Dec. 31, 2022 USD ($)
Deposit Liability [Line Items]
Due in 2023	$ 43,507
Due in 2024	3,643
Due in 2025	649
Due in 2026	172
Due in 2027	1,588
Thereafter	246
Total time deposits	49,805
U.S.
Deposit Liability [Line Items]
Due in 2023	36,114
Due in 2024	3,576
Due in 2025	643
Due in 2026	149
Due in 2027	116
Thereafter	238
Total time deposits	40,836
Non-U.S.
Deposit Liability [Line Items]
Due in 2023	7,393
Due in 2024	67
Due in 2025	6
Due in 2026	23
Due in 2027	1,472
Thereafter	8
Total time deposits	$ 8,969

Deposits (Details)

Deposits (Details) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
United States
Deposit Liability [Line Items]
Time deposits that met or exceeded local jurisdictional limit	$ 12.8	$ 9.4
Non United States
Deposit Liability [Line Items]
Time deposits that met or exceeded local jurisdictional limit	$ 9	$ 10.6

Securities Financing Agreemen_3

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Securities Financing Agreements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Securities borrowed or purchased under agreements to resell
Gross Assets/Liabilities	$ 597,847	$ 527,054
Amounts Offset	(330,273)	(276,334)
Net Balance Sheet Amount	267,574	250,720
Financial Instruments	(240,120)	(229,525)
Net Assets/Liabilities	27,454	21,195
Securities loaned or sold under agreements to repurchase
Gross Liabilities	525,908	468,663
Amounts Offset	(330,273)	(276,334)
Net Balance Sheet Amount	195,635	192,329
Financial Instruments	(183,265)	(181,860)
Net Liabilities	12,370	10,469
Other
Gross Liabilities	8,427	11,391
Amounts Offset	0	0
Net Balance Sheet Amount	8,427	11,391
Financial Instruments	(8,427)	(11,391)
Net Liabilities	0	0
Total Securities Financing Agreements Liability
Gross Liabilities	534,335	480,054
Amounts Offset	(330,273)	(276,334)
Net Balance Sheet Amount	204,062	203,720
Financial Instruments	(191,692)	(193,251)
Net Liabilities	12,370	10,469
Loans and leases repurchase activity	$ 8,700	$ 20,100

Securities Financing Agreemen_4

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Remaining Contractual Maturity (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) agreement	Dec. 31, 2021 USD ($) agreement
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 453,492	$ 416,427
Securities loaned	72,416	52,236
Other	8,427	11,391
Total	$ 534,335	$ 480,054
Number of contractual agreements \| agreement	0	0
Maximum agreement maturity period (less than)	4 years	4 years
Overnight and Continuous
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 200,087	$ 148,023
Securities loaned	66,909	46,231
Other	8,427	11,391
Total	275,423	205,645
30 Days or Less
Remaining Contractual Maturity
Securities sold under agreements to repurchase	181,632	194,964
Securities loaned	288	466
Other	0	0
Total	181,920	195,430
After 30 Days Through 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	41,666	36,939
Securities loaned	1,139	1,428
Other	0	0
Total	42,805	38,367
Greater than 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	30,107	36,501
Securities loaned	4,080	4,111
Other	0	0
Total	$ 34,187	$ 40,612

Securities Financing Agreemen_5

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Class of Collateral Pledged (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	$ 453,492	$ 416,427
Securities Loaned	72,416	52,236
Other	8,427	11,391
Total	534,335	480,054
U.S. government and agency securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	193,005	201,546
Securities Loaned	18	27
Other	0	0
Total	193,023	201,573
Corporate securities, trading loans and other
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	14,345	12,838
Securities Loaned	2,896	3,440
Other	317	1,148
Total	17,558	17,426
Equity securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	10,249	19,907
Securities Loaned	69,432	48,650
Other	8,110	10,192
Total	87,791	78,749
Non-U.S. sovereign debt
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	232,171	178,019
Securities Loaned	70	119
Other	0	51
Total	232,241	178,189
Mortgage trading loans and ABS
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	3,722	4,117
Securities Loaned	0	0
Other	0	0
Total	$ 3,722	$ 4,117

Securities Financing Agreemen_6

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Short-term Bank Notes (Details) - Bank of America, N.A. - Subsidiaries - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Registration statement, minimum maturity period (in days)	7 days
Registration statement, short-term debt outstanding under program	$ 6.2	$ 1.8
Bank Notes
Debt Instrument [Line Items]
Registration statement, authorized	$ 75

Securities Financing Agreemen_7

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Collateral (Details) - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
Securities held as collateral, fair value	$ 827.6	$ 854.8
Securities received as collateral, amount re-pledged and sold	$ 764.1	$ 782.7

Securities Financing Agreemen_8

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Restricted Cash (Details) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
Restricted cash	$ 7.6	$ 5.9

Long-term Debt - Balances (Deta

Long-term Debt - Balances (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt	$ 275,982	$ 280,117
Financial Guarantee
Debt Instrument [Line Items]
Debt outstanding, unconditionally guaranteed	8,000	5,400
Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	243,892	253,454
Subsidiaries
Debt Instrument [Line Items]
Long-term debt	22,116	16,901
Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	9,974	9,762
Consolidated VIEs
Debt Instrument [Line Items]
Long-term debt	4,581	3,587
Consolidated VIEs \| Credit Card Receivable [Member]
Debt Instrument [Line Items]
Long-term debt	4,247	3,248
Consolidated VIEs \| Other Variable Interest Entities and Resecuritization Trusts
Debt Instrument [Line Items]
Long-term debt	156
Senior notes: \| Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 205,898
Senior notes: \| Bank of America Corporation \| Fixed
Debt Instrument [Line Items]
Weighted-average Rate	3.03%
Long-term debt	$ 188,429	194,191
Senior notes: \| Bank of America Corporation \| Floating
Debt Instrument [Line Items]
Weighted-average Rate	4.20%
Long-term debt	$ 17,469	18,753
Senior notes: \| Bank of America Corporation \| Minimum \| Fixed
Debt Instrument [Line Items]
Interest Rates	0.25%
Senior notes: \| Bank of America Corporation \| Minimum \| Floating
Debt Instrument [Line Items]
Interest Rates	0.74%
Senior notes: \| Bank of America Corporation \| Maximum \| Fixed
Debt Instrument [Line Items]
Interest Rates	8.05%
Senior notes: \| Bank of America Corporation \| Maximum \| Floating
Debt Instrument [Line Items]
Interest Rates	9.16%
Senior notes: \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 2,600
Senior notes: \| Subsidiaries \| Bank of America, N.A. \| Fixed
Debt Instrument [Line Items]
Weighted-average Rate
Interest Rates
Long-term debt	$ 0	501
Senior notes: \| Subsidiaries \| Bank of America, N.A. \| Floating
Debt Instrument [Line Items]
Weighted-average Rate	5.05%
Long-term debt	$ 2,600	3,173
Senior notes: \| Subsidiaries \| Bank of America, N.A. \| Minimum \| Floating
Debt Instrument [Line Items]
Interest Rates
Senior notes: \| Subsidiaries \| Bank of America, N.A. \| Maximum \| Floating
Debt Instrument [Line Items]
Interest Rates	5.05%
Senior structured notes \| Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 11,608	15,086
Subordinated notes: \| Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 25,642
Subordinated notes: \| Bank of America Corporation \| Fixed
Debt Instrument [Line Items]
Weighted-average Rate	4.88%
Long-term debt	$ 21,098	22,311
Subordinated notes: \| Bank of America Corporation \| Floating
Debt Instrument [Line Items]
Weighted-average Rate	3.45%
Long-term debt	$ 4,544	2,371
Subordinated notes: \| Bank of America Corporation \| Minimum \| Fixed
Debt Instrument [Line Items]
Interest Rates	2.94%
Subordinated notes: \| Bank of America Corporation \| Minimum \| Floating
Debt Instrument [Line Items]
Interest Rates	2.48%
Subordinated notes: \| Bank of America Corporation \| Maximum \| Fixed
Debt Instrument [Line Items]
Interest Rates	8.57%
Subordinated notes: \| Bank of America Corporation \| Maximum \| Floating
Debt Instrument [Line Items]
Interest Rates	5.53%
Subordinated notes: \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 1,485
Subordinated notes: \| Subsidiaries \| Bank of America, N.A. \| Subordinated notes
Debt Instrument [Line Items]
Weighted-average Rate	6%
Interest Rates	6%
Long-term debt	$ 1,485	1,780
Junior subordinated notes: \| Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 744
Junior subordinated notes: \| Bank of America Corporation \| Fixed
Debt Instrument [Line Items]
Weighted-average Rate	6.71%
Long-term debt	$ 743	741
Junior subordinated notes: \| Bank of America Corporation \| Floating
Debt Instrument [Line Items]
Weighted-average Rate	5.56%
Interest Rates	5.56%
Long-term debt	$ 1	1
Junior subordinated notes: \| Bank of America Corporation \| Minimum \| Fixed
Debt Instrument [Line Items]
Interest Rates	6.45%
Junior subordinated notes: \| Bank of America Corporation \| Maximum \| Fixed
Debt Instrument [Line Items]
Interest Rates	8.05%
Advances from Federal Home Loan Banks: \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 681
Advances from Federal Home Loan Banks: \| Subsidiaries \| Bank of America, N.A. \| Fixed
Debt Instrument [Line Items]
Weighted-average Rate	4.49%
Long-term debt	$ 681	290
Advances from Federal Home Loan Banks: \| Subsidiaries \| Bank of America, N.A. \| Minimum \| Fixed
Debt Instrument [Line Items]
Interest Rates	0.01%
Advances from Federal Home Loan Banks: \| Subsidiaries \| Bank of America, N.A. \| Maximum \| Fixed
Debt Instrument [Line Items]
Interest Rates	7.42%
Securitizations and other BANA VIEs \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 4,300	3,338
Other \| Subsidiaries
Debt Instrument [Line Items]
Long-term debt	0	53
Other \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	908	680
Structured liabilities \| Subsidiaries
Debt Instrument [Line Items]
Long-term debt	21,835	16,599
Nonbank VIEs \| Subsidiaries
Debt Instrument [Line Items]
Long-term debt	$ 281	$ 249

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 65,910	$ 76,675	$ 57,013
Repayments of long-term debt, net of adjustments	33,300	46,400
Long-term debt	275,982	280,117
Bank of America Corporation
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	44,123	56,106	$ 43,766
Repayments of long-term debt, net of adjustments	19,800	24,400
Long-term debt	243,892	253,454
Subsidiaries
Debt Instrument [Line Items]
Repayments of long-term debt, net of adjustments	3,600	11,600
Long-term debt	22,116	16,901
Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Repayments of long-term debt, net of adjustments	9,900	10,400
Long-term debt	$ 9,974	$ 9,762
Long Term Debt, Excluding Senior Structured Notes
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	3.27%	2.83%
Fixed Rate Debt
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	3.23%	3.08%
Floating Rate Debt
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	4.14%	0.75%
Long-Term Debt Notes
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 66,000
Long-Term Debt Notes \| Bank of America Corporation
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	44,200
Long-Term Debt Notes \| Subsidiaries
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	11,800
Long-Term Debt Notes \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	10,000
Long-Term Debt Notes
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		$ 76,700
Long-Term Debt Notes \| Bank of America Corporation
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		56,200
Long-Term Debt Notes \| Subsidiaries
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		12,500
Long-Term Debt Notes \| Subsidiaries \| Bank of America, N.A.
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		8,000
Foreign Currency - Dominated Debt
Debt Instrument [Line Items]
Long-term debt	$ 46,700	$ 53,100

Long-term Debt - Long-term Debt

Long-term Debt - Long-term Debt by Maturity (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	$ 16,291
2024	32,346
2025	35,236
2026	31,354
2027	21,107
Thereafter	139,648
Total	275,982	$ 280,117
Bank of America Corporation
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	8,796
2024	26,231
2025	30,420
2026	29,826
2027	19,039
Thereafter	129,580
Total	243,892	253,454
Bank of America Corporation \| Senior notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	8,029
2024	22,570
2025	24,730
2026	23,972
2027	16,055
Thereafter	110,542
Total	205,898
Bank of America Corporation \| Senior structured notes
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	767
2024	456
2025	558
2026	946
2027	641
Thereafter	8,240
Total	11,608	15,086
Bank of America Corporation \| Subordinated notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	0
2024	3,205
2025	5,132
2026	4,908
2027	2,155
Thereafter	10,242
Total	25,642
Bank of America Corporation \| Junior subordinated notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	0
2024	0
2025	0
2026	0
2027	188
Thereafter	556
Total	744
Subsidiaries
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	5,253
2024	2,426
2025	2,482
2026	1,474
2027	2,001
Thereafter	8,480
Total	22,116	16,901
Subsidiaries \| Other
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	0
2024	0
2025	0
2026	0
2027	0
Thereafter	0
Total	0	53
Subsidiaries \| Structured liabilities
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	5,253
2024	2,426
2025	2,482
2026	1,474
2027	2,001
Thereafter	8,199
Total	21,835	16,599
Subsidiaries \| Non-core/non-bank VIEs
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	0
2024	0
2025	0
2026	0
2027	0
Thereafter	281
Total	281
Subsidiaries \| Bank of America, N.A.
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	2,242
2024	3,689
2025	2,334
2026	54
2027	67
Thereafter	1,588
Total	9,974	9,762
Subsidiaries \| Bank of America, N.A. \| Senior notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	0
2024	2,600
2025	0
2026	0
2027	0
Thereafter	0
Total	2,600
Subsidiaries \| Bank of America, N.A. \| Subordinated notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	0
2024	0
2025	0
2026	0
2027	0
Thereafter	1,485
Total	1,485
Subsidiaries \| Bank of America, N.A. \| Advances from Federal Home Loan Banks:
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	600
2024	0
2025	15
2026	9
2027	4
Thereafter	53
Total	681
Subsidiaries \| Bank of America, N.A. \| Securitizations and other BANA VIEs
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	1,000
2024	1,000
2025	2,248
2026	0
2027	0
Thereafter	52
Total	4,300	3,338
Subsidiaries \| Bank of America, N.A. \| Other
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	642
2024	89
2025	71
2026	45
2027	63
Thereafter	(2)
Total	$ 908	$ 680

Commitments and Contingencies -

Commitments and Contingencies - Credit Extension Commitments Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Legally binding unfunded commitments syndicated	$ 10,400	$ 10,700
Credit extension commitments, carrying value	1,600	1,500
Notional amount of credit extension commitments under fair value option	3,000	4,800
Unfunded loan commitments
Other Commitments [Line Items]
Fair value carrying amount, liabilities	$ 110	$ 97

Commitments and Contingencies_2

Commitments and Contingencies - Credit Extension Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Expire in One Year or Less	$ 558,008	$ 533,045
Expire After One Year Through Three Years	179,496	206,709
Expire After Three Years Through Five Years	235,862	187,400
Expire After Five Years	37,601	52,664
Total	1,010,967	979,818
Legally binding commitments
Other Commitments [Line Items]
Expire in One Year or Less	138,864	126,876
Expire After One Year Through Three Years	179,496	206,709
Expire After Three Years Through Five Years	235,862	187,400
Expire After Five Years	37,601	52,664
Total	591,823	573,649
Loan commitments
Other Commitments [Line Items]
Expire in One Year or Less	113,962	102,464
Expire After One Year Through Three Years	162,890	190,687
Expire After Three Years Through Five Years	221,374	174,978
Expire After Five Years	13,667	26,635
Total	511,893	494,764
Unfunded loan commitment, held as a security
Other Commitments [Line Items]
Total	2,600	4,600
Home equity lines of credit
Other Commitments [Line Items]
Expire in One Year or Less	1,479	890
Expire After One Year Through Three Years	7,230	5,097
Expire After Three Years Through Five Years	11,578	10,268
Expire After Five Years	22,154	24,276
Total	42,441	40,531
Standby letters of credit and financial guarantees
Other Commitments [Line Items]
Expire in One Year or Less	22,565	22,359
Expire After One Year Through Three Years	9,237	10,742
Expire After Three Years Through Five Years	2,787	2,017
Expire After Five Years	628	422
Total	35,217	35,540
Standby letters of credit and financial guarantees \| Credit Card and Other Consumer
Other Commitments [Line Items]
Total	575	512
Standby letters of credit and financial guarantees \| Investment grade
Other Commitments [Line Items]
Total	25,100	26,300
Standby letters of credit and financial guarantees \| Non-investment grade
Other Commitments [Line Items]
Total	9,500	8,700
Letters of credit
Other Commitments [Line Items]
Expire in One Year or Less	853	1,145
Expire After One Year Through Three Years	46	124
Expire After Three Years Through Five Years	52	56
Expire After Five Years	49	98
Total	1,000	1,423
Other commitments
Other Commitments [Line Items]
Expire in One Year or Less	5	18
Expire After One Year Through Three Years	93	59
Expire After Three Years Through Five Years	71	81
Expire After Five Years	1,103	1,233
Total	1,272	1,391
Credit card lines
Other Commitments [Line Items]
Expire in One Year or Less	419,144	406,169
Expire After One Year Through Three Years	0	0
Expire After Three Years Through Five Years	0	0
Expire After Five Years	0	0
Total	$ 419,144	$ 406,169

Commitments and Contingencies_3

Commitments and Contingencies - Other Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Liquefied Natural Gas Commodities
Loss Contingencies [Line Items]
Other commitments	$ 0	$ 949,000,000
Resale and Forward-Dated Resale and Securities Borrowing Agreements
Loss Contingencies [Line Items]
Other commitments	92,000,000,000	92,000,000,000
Forward-Dated Repurchase and Securities Lending Agreements
Loss Contingencies [Line Items]
Other commitments	57,800,000,000	32,600,000,000
Auto Loans and Leases
Loss Contingencies [Line Items]
Other commitment, due in next twelve months	$ 3,700,000,000	4,000,000,000
Other commitment, termination prior notice period	12 months
Equity Investment Commitments
Loss Contingencies [Line Items]
Other commitments	$ 571,000,000	395,000,000
Residential and Commercial Portfolio Segments \| Residential and Commercial Financing Receivable \| Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	636,000,000	181,000,000
Commercial \| Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	$ 294,000,000	$ 518,000,000

Commitments and Contingencies_4

Commitments and Contingencies - Other Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Subsidiary, ownership interest, percentage	100%
Claims related to loans in specific private-label securitization groups	$ 5,500	$ 8,400
New purchase claims	82
Claims resolved	3,000
Private Label Securitization Trustees
Loss Contingencies [Line Items]
Claims related to loans in specific private-label securitization groups	2,200	2,800
Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Transactions processed by sponsored entities	501,000
Life Insurance Book Value Protection
Loss Contingencies [Line Items]
Notional amount of derivatives	4,300	6,300
Maximum potential exposure	632	928
FICC Repo Program
Loss Contingencies [Line Items]
Maximum potential exposure	59,600	42,000
Representations and Warranties Obligations and Corporate Guarantees
Loss Contingencies [Line Items]
Loss contingency accrual	$ 612	$ 1,200

Commitments and Contingencies_5

Commitments and Contingencies - Litigation and Regulatory Matters (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Litigation settlement expense	$ 1,200,000,000	$ 164,000,000
Minimum
Loss Contingencies [Line Items]
Estimated range of possible loss	0
Maximum
Loss Contingencies [Line Items]
Estimated range of possible loss	$ 800,000,000

Commitments and Contingencies_6

Commitments and Contingencies - Deposit Insurance Assessment (Details) - USD ($) $ in Millions	Apr. 07, 2017	Jan. 09, 2017
FDIC Deposit Insurance Assessments \| Bank of America, N.A.
Loss Contingencies [Line Items]
Loss contingency, damages sought	$ 583	$ 542

Shareholders' Equity - Declared

Shareholders' Equity - Declared Quarterly Cash Dividends on Common Stock (Details) - $ / shares	Feb. 01, 2023	Oct. 19, 2022	Jul. 20, 2022	Apr. 27, 2022	Feb. 02, 2022
Dividends Payable [Line Items]
Dividends per share (in dollars per share)		$ 0.22	$ 0.22	$ 0.21	$ 0.21
Subsequent Event
Dividends Payable [Line Items]
Dividends per share (in dollars per share)	$ 0.22

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Narrative (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock
Cash dividends paid per share (in usd per share)	$ 0.86	$ 0.78	$ 0.72
Shares reserved for future issuance (in shares)	491
Common Stock
Common Stock
Stock issued (in shares)	73
Shares paid for tax withholding for share based compensation (in shares)	28

Shareholders' Equity - Common_2

Shareholders' Equity - Common Stock Repurchases (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Purchase price of shares repurchased and retired	$ 5,073	$ 25,126	$ 7,025
Common Stock
Class of Stock [Line Items]
Total share repurchases, including CCAR capital plan repurchases (in shares)	126	615	227
Common Stock \| CCAR capital plan repurchases
Class of Stock [Line Items]
Purchase price of shares repurchased and retired	$ 5,073	$ 25,126	$ 7,025

Shareholders' Equity - Preferre

Shareholders' Equity - Preferred Stock (Details) $ / shares in Units, $ in Millions				12 Months Ended
	Apr. 22, 2022 USD ($) $ / shares shares	Jan. 31, 2022 USD ($) $ / shares shares	Jan. 25, 2022 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) tradingDay director semi-annualPeriod consecutiveTradingDay quarterlyPeriod payment $ / shares shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($)
Class of Stock [Line Items]
Preferred stock dividends				$ 1,596	$ 1,421	$ 1,421
Issuance of preferred stock				4,426	2,169	2,181
Redemption of preferred stock				$ 654	$ 1,971	1,072
Preferred stock, par value (in dollars per share) \| $ / shares				$ 0.01	$ 0.01
Preferred Stock
Class of Stock [Line Items]
Issuance of preferred stock				$ 4,426	$ 2,169	2,181
Redemption of preferred stock				737	$ 1,971	$ 1,072
CCAR capital plan repurchases
Class of Stock [Line Items]
Redemption of preferred stock				$ (83)
Series RR Preferred Stock
Class of Stock [Line Items]
Preferred stock issued (in shares) \| shares			70,000
Per annum dividend rate			4.375%	4.375%
Issuance of preferred stock			$ 1,800
Liquidation preference per share (in dollars per share) \| $ / shares			$ 25,000	$ 25,000
Series SS Preferred Stock
Class of Stock [Line Items]
Preferred stock issued (in shares) \| shares		28,000
Per annum dividend rate		4.75%		4.75%
Issuance of preferred stock		$ 700
Liquidation preference per share (in dollars per share) \| $ / shares		$ 25,000		$ 25,000
Series TT Preferred Stock
Class of Stock [Line Items]
Preferred stock issued (in shares) \| shares	80,000
Per annum dividend rate	6.125%			6.125%
Issuance of preferred stock	$ 2,000
Liquidation preference per share (in dollars per share) \| $ / shares	$ 25,000			$ 25,000
Preferred Stock, Excluding Series B, F, G And T Preferred
Class of Stock [Line Items]
Number of semi annual periods in arrears (or more) \| payment				3
Number of quarterly periods in arrears (or more) \| quarterlyPeriod				6
Number of additional directors to be elected \| director				2
Number of semi annual periods for termination (or more) \| semi-annualPeriod				2
Number of quarterly periods for termination (or more) \| quarterlyPeriod				4
Series L Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate				7.25%
Liquidation preference per share (in dollars per share) \| $ / shares				$ 1,000
Preferred stock to be convertible into common shares (in shares) \| shares				20
Number of trading days \| tradingDay				20
Period of consecutive trading days \| consecutiveTradingDay				30
Threshold percentage of common stock closing price (exceeds)				130%

Shareholders' Equity - Prefer_2

Shareholders' Equity - Preferred Stock Summary (Details) - USD ($) $ / shares in Units, $ in Millions				12 Months Ended
	Apr. 22, 2022	Jan. 31, 2022	Jan. 25, 2022	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				4,088,101	3,939,686
Issuance costs and certain adjustments				$ (347)
Total				$ 28,397
Ownership percentage in depository shares for quarterly cash dividends				0.10%
Ownership percentage in depository shares for semi-annual cash dividends				4%
Series B Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				7,076
Liquidation Preference per Share (in dollars per share)				$ 100
Carrying Value				$ 1
Per annum dividend rate				7%
Dividend per Share (in dollars per share)				$ 7
Annual Dividend				$ 0
Series E Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				12,317
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 308
Minimum interest rate per annum				4%
Dividend per Share (in dollars per share)				$ 1.01
Annual Dividend				$ 13
Series F Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				1,409
Liquidation Preference per Share (in dollars per share)				$ 100,000
Carrying Value				$ 141
Dividend per Share (in dollars per share)				$ 4,055.56
Annual Dividend				$ 6
Series G Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				4,925
Liquidation Preference per Share (in dollars per share)				$ 100,000
Carrying Value				$ 492
Dividend per Share (in dollars per share)				$ 4,055.56
Annual Dividend				$ 20
Series L Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				3,080,182
Liquidation Preference per Share (in dollars per share)				$ 1,000
Carrying Value				$ 3,080
Per annum dividend rate				7.25%
Dividend per Share (in dollars per share)				$ 72.50
Annual Dividend				$ 223
Series U Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				40,000
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,000
Per annum dividend rate				5.20%
Dividend per Share (in dollars per share)				$ 52
Annual Dividend				$ 52
Series X Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				80,000
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 2,000
Per annum dividend rate				6.25%
Dividend per Share (in dollars per share)				$ 62.50
Annual Dividend				$ 125
Series Z Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				56,000
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,400
Per annum dividend rate				6.50%
Dividend per Share (in dollars per share)				$ 65
Annual Dividend				$ 91
Series AA Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				76,000
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,900
Per annum dividend rate				6.10%
Dividend per Share (in dollars per share)				$ 61
Annual Dividend				$ 116
Series DD Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				40,000
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,000
Per annum dividend rate				6.30%
Dividend per Share (in dollars per share)				$ 63
Annual Dividend				$ 63
Series FF Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				90,834
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 2,271
Per annum dividend rate				5.875%
Dividend per Share (in dollars per share)				$ 58.75
Annual Dividend				$ 139
Series GG Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				54,000
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,350
Per annum dividend rate				6%
Dividend per Share (in dollars per share)				$ 1.50
Annual Dividend				$ 81
Series HH Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				34,049
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 851
Per annum dividend rate				5.875%
Dividend per Share (in dollars per share)				$ 1.47
Annual Dividend				$ 50
Series JJ Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				34,171
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 854
Per annum dividend rate				5.125%
Dividend per Share (in dollars per share)				$ 51.25
Annual Dividend				$ 51
Series KK Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				55,273
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,382
Per annum dividend rate				5.375%
Dividend per Share (in dollars per share)				$ 1.34
Annual Dividend				$ 75
Series LL Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				52,045
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,301
Per annum dividend rate				5%
Dividend per Share (in dollars per share)				$ 1.25
Annual Dividend				$ 66
Series MM Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				30,753
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 769
Per annum dividend rate				4.30%
Dividend per Share (in dollars per share)				$ 43
Annual Dividend				$ 46
Series NN Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				42,993
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,075
Per annum dividend rate				4.375%
Dividend per Share (in dollars per share)				$ 1.09
Annual Dividend				$ 48
Series PP Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				36,500
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 912
Per annum dividend rate				4.125%
Dividend per Share (in dollars per share)				$ 1.03
Annual Dividend				$ 38
Series QQ Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				51,879
Liquidation Preference per Share (in dollars per share)				$ 25,000
Carrying Value				$ 1,297
Per annum dividend rate				4.25%
Dividend per Share (in dollars per share)				$ 1.12
Annual Dividend				$ 58
Series RR Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				66,738
Liquidation Preference per Share (in dollars per share)			$ 25,000	$ 25,000
Carrying Value				$ 1,668
Per annum dividend rate			4.375%	4.375%
Dividend per Share (in dollars per share)				$ 43.99
Annual Dividend				$ 77
Series SS Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				27,463
Liquidation Preference per Share (in dollars per share)		$ 25,000		$ 25,000
Carrying Value				$ 687
Per annum dividend rate		4.75%		4.75%
Dividend per Share (in dollars per share)				$ 0.95
Annual Dividend				$ 27
Series TT Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				80,000
Liquidation Preference per Share (in dollars per share)	$ 25,000			$ 25,000
Carrying Value				$ 2,000
Per annum dividend rate	6.125%			6.125%
Dividend per Share (in dollars per share)				$ 46.79
Annual Dividend				$ 94
Series 1 - Series 5 Preferred Stock
Class of Stock [Line Items]
Ownership percentage in depository shares for quarterly cash dividends				0.08%
Series 1 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				3,186
Liquidation Preference per Share (in dollars per share)				$ 30,000
Carrying Value				$ 96
Minimum interest rate per annum				3%
Dividend per Share (in dollars per share)				$ 0.80
Annual Dividend				$ 3
Series 2 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				9,967
Liquidation Preference per Share (in dollars per share)				$ 30,000
Carrying Value				$ 299
Dividend per Share (in dollars per share)				$ 0.80
Annual Dividend				$ 10
Series 4 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				7,010
Liquidation Preference per Share (in dollars per share)				$ 30,000
Carrying Value				$ 210
Dividend per Share (in dollars per share)				$ 1.01
Annual Dividend				$ 9
Series 5 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)				13,331
Liquidation Preference per Share (in dollars per share)				$ 30,000
Carrying Value				$ 400
Dividend per Share (in dollars per share)				$ 1.01
Annual Dividend				$ 17
Series RR And TT Preferred Stock
Class of Stock [Line Items]
Ownership percentage in depository shares for quarterly cash dividends				4%
3-Month London Interbank Offered Rate (LIBOR) \| Series E Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.35%
3-Month London Interbank Offered Rate (LIBOR) \| Series F Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.40%
3-Month London Interbank Offered Rate (LIBOR) \| Series G Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.40%
3-Month London Interbank Offered Rate (LIBOR) \| Series 1 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.75%
3-Month London Interbank Offered Rate (LIBOR) \| Series 2 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.65%
3-Month London Interbank Offered Rate (LIBOR) \| Series 4 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.75%
3-Month London Interbank Offered Rate (LIBOR) \| Series 5 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				0.50%
3-Month London Interbank Offered Rate (LIBOR) \| June 1, 2023 \| Series U Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				3.135%
3-Month London Interbank Offered Rate (LIBOR) \| September 5, 2024 \| Series X Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				3.705%
3-Month London Interbank Offered Rate (LIBOR) \| October 23, 2024 \| Series Z Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				4.174%
3-Month London Interbank Offered Rate (LIBOR) \| March 17, 2025 \| Series AA Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				3.898%
3-Month London Interbank Offered Rate (LIBOR) \| March 10, 2026 \| Series DD Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				4.553%
3-Month London Interbank Offered Rate (LIBOR) \| March 15, 2028 \| Series FF Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				2.931%
3-Month London Interbank Offered Rate (LIBOR) \| June 20, 2024 \| Series JJ Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				3.292%
US Treasury (UST) Interest Rate \| January 27, 2027 \| Series RR Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				2.76%
US Treasury (UST) Interest Rate \| April 27, 2027 \| Series TT Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum				3.231%

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Decrease from change in weighted average discount rates	$ 5,300,000,000	$ 895,000,000
Cost recognized	$ 1,200,000,000	$ 1,200,000,000	$ 1,200,000,000
Number of common stock shares held in plan (in shares)	179	173
Dividend payments to the plan	$ 153,000,000	$ 139,000,000	$ 138,000,000
U.S. \| Other Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions (withdrawals)	0	0
U.S. \| Other Pension Plan \| Nonqualified
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	$ 89,000,000
U.S. \| Pension Plan \| Qualified
Defined Benefit Plan Disclosure [Line Items]
Percentage of prior years market gains (losses) recognized at next measurement date	60%
Percentage of prior years market gains (losses) recognized equally over four year period	40%
U.S. \| Pension Plan \| Qualified \| Equity securities
Defined Benefit Plan Disclosure [Line Items]
Amount of employer and related party securities included in plan assets	$ 296,000,000	$ 398,000,000
Actual plan asset allocations	1.72%	1.80%
U.S. \| Postretirement Health and Life Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	$ 22,000,000
Percentage of unrecognized gain (loss) recognized during the period	50%
Health care cost trend rate assumed for next fiscal year	6.50%
Ultimate health care cost trend rate	5%
Non-U.S. \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	$ 26,000,000

Employee Benefit Plans - Pensio

Employee Benefit Plans - Pension and Postretirement Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in fair value of plan assets
Fair value, January 1	$ 26,096
Fair value, December 31	19,123	$ 26,096
U.S. \| Postretirement Health and Life Plans
Change in fair value of plan assets
Fair value, January 1	117	143
Actual return on plan assets	2	0
Company contributions (withdrawals)	45	38
Plan participant contributions	104	107
Settlements and curtailments	0	0
Benefits paid	(161)	(171)
Federal subsidy on benefits paid	0	0
Fair value, December 31	107	117	$ 143
Change in projected benefit obligation
Projected benefit obligation, January 1	928	1,007
Service cost	4	5	5
Interest cost	25	24	32
Plan participant contributions	104	107
Plan amendments	0	0
Settlements and curtailments	0	0
Actuarial loss (gain)	(198)	(44)
Benefits paid	(161)	(171)
Federal subsidy on benefits paid	0	0
Foreign currency exchange rate changes	(2)	0
Projected benefit obligation, December 31	700	928	1,007
Amounts recognized on Consolidated Balance Sheet
Other assets	0	0
Accrued expenses and other liabilities	(593)	(811)
Net amount recognized, December 31	(593)	(811)
Funded status, December 31
Projected benefit obligation	$ 700	$ 928	1,007
Weighted-average assumptions, December 31
Discount rate	5.56%	2.85%
U.S. \| Qualified \| Pension Plan
Change in fair value of plan assets
Fair value, January 1	$ 22,078	$ 21,776
Actual return on plan assets	(3,896)	1,215
Company contributions (withdrawals)	0	0
Plan participant contributions	0	0
Settlements and curtailments	0	0
Benefits paid	(924)	(913)
Fair value, December 31	17,258	22,078	21,776
Change in projected benefit obligation
Projected benefit obligation, January 1	15,676	16,427
Service cost	0	0	0
Interest cost	438	414	500
Plan participant contributions	0	0
Plan amendments	0	0
Settlements and curtailments	0	0
Actuarial loss (gain)	(3,610)	(252)
Benefits paid	(924)	(913)
Projected benefit obligation, December 31	11,580	15,676	16,427
Amounts recognized on Consolidated Balance Sheet
Other assets	5,678	6,402
Accrued expenses and other liabilities	0	0
Net amount recognized, December 31	5,678	6,402
Funded status, December 31
Accumulated benefit obligation	11,580	15,676
Overfunded (unfunded) status of ABO	5,678	6,402
Provision for future salaries	0	0
Projected benefit obligation	$ 11,580	$ 15,676	16,427
Weighted-average assumptions, December 31
Discount rate	5.54%	2.86%
Interest-crediting rate	5.36%	4.83%
U.S. \| Nonqualified \| Other Pension Plan
Change in fair value of plan assets
Fair value, January 1	$ 2,585	$ 2,789
Actual return on plan assets	(332)	(55)
Company contributions (withdrawals)	(135)	87
Plan participant contributions	0	0
Settlements and curtailments	(6)	0
Benefits paid	(226)	(236)
Fair value, December 31	1,886	2,585	2,789
Change in projected benefit obligation
Projected benefit obligation, January 1	2,753	3,005
Service cost	0	0	1
Interest cost	74	67	90
Plan participant contributions	0	0
Plan amendments	0	0
Settlements and curtailments	(6)	0
Actuarial loss (gain)	(486)	(83)
Benefits paid	(226)	(236)
Projected benefit obligation, December 31	2,109	2,753	3,005
Amounts recognized on Consolidated Balance Sheet
Other assets	495	777
Accrued expenses and other liabilities	(718)	(945)
Net amount recognized, December 31	(223)	(168)
Funded status, December 31
Accumulated benefit obligation	2,109	2,753
Overfunded (unfunded) status of ABO	(223)	(168)
Provision for future salaries	0	0
Projected benefit obligation	$ 2,109	$ 2,753	3,005
Weighted-average assumptions, December 31
Discount rate	5.58%	2.80%
Rate of compensation increase	4%	4%
Interest-crediting rate	4.69%	4.22%
Non-U.S. \| Pension Plan
Change in fair value of plan assets
Fair value, January 1	$ 3,031	$ 3,078
Actual return on plan assets	(898)	62
Company contributions (withdrawals)	30	24
Plan participant contributions	1	1
Settlements and curtailments	(51)	(11)
Benefits paid	(62)	(84)
Foreign currency exchange rate changes	(323)	(39)
Fair value, December 31	1,728	3,031	3,078
Change in projected benefit obligation
Projected benefit obligation, January 1	3,116	3,340
Service cost	29	28	20
Interest cost	53	45	49
Plan participant contributions	1	1
Plan amendments	3	0
Settlements and curtailments	(51)	(11)
Actuarial loss (gain)	(1,054)	(152)
Benefits paid	(62)	(84)
Foreign currency exchange rate changes	(283)	(51)
Projected benefit obligation, December 31	1,752	3,116	3,340
Amounts recognized on Consolidated Balance Sheet
Other assets	370	550
Accrued expenses and other liabilities	(394)	(635)
Net amount recognized, December 31	(24)	(85)
Funded status, December 31
Accumulated benefit obligation	1,694	3,031
Overfunded (unfunded) status of ABO	34	0
Provision for future salaries	58	85
Projected benefit obligation	$ 1,752	$ 3,116	$ 3,340
Weighted-average assumptions, December 31
Discount rate	4.59%	1.85%
Rate of compensation increase	4.25%	4.46%
Interest-crediting rate	2.03%	1.90%

Employee Benefit Plans - ABO an

Employee Benefit Plans - ABO and PBO in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Non-U.S. \| Pension Plan
Plans with PBO and ABO in Excess of Plan Assets
PBO	$ 458	$ 841
ABO	416	780
Fair value of plan assets	71	207
U.S. \| Nonqualified \| Other Pension Plan
Plans with PBO and ABO in Excess of Plan Assets
PBO	719	945
ABO	719	945
Fair value of plan assets	$ 1	$ 1

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
U.S. \| Postretirement Health and Life Plans
Components of net periodic benefit cost (income)
Service cost	$ 4	$ 5	$ 5
Interest cost	25	24	32
Expected return on plan assets	(2)	(3)	(4)
Amortization of actuarial loss (gain) and prior service cost	(9)	20	29
Other	0	0	(2)
Net periodic benefit cost (income)	$ 18	$ 46	$ 60
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	2.85%	2.48%	3.27%
Expected return on plan assets	2%	2%	2%
U.S. \| Qualified \| Pension Plan
Components of net periodic benefit cost (income)
Service cost	$ 0	$ 0	$ 0
Interest cost	438	414	500
Expected return on plan assets	(1,204)	(1,173)	(1,154)
Amortization of actuarial loss (gain) and prior service cost	140	193	173
Other	0	0	0
Net periodic benefit cost (income)	$ (626)	$ (566)	$ (481)
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	2.86%	2.57%	3.32%
Expected return on plan assets	5.75%	5.75%	6%
U.S. \| Nonqualified \| Other Pension Plan
Components of net periodic benefit cost (income)
Service cost	$ 0	$ 0	$ 1
Interest cost	74	67	90
Expected return on plan assets	(59)	(49)	(71)
Amortization of actuarial loss (gain) and prior service cost	54	63	50
Other	1	0	0
Net periodic benefit cost (income)	$ 70	$ 81	$ 70
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	2.80%	2.33%	3.20%
Expected return on plan assets	2.38%	1.88%	2.77%
Rate of compensation increase	4%	4%	4%
Non-U.S. \| Pension Plan
Components of net periodic benefit cost (income)
Service cost	$ 29	$ 28	$ 20
Interest cost	53	45	49
Expected return on plan assets	(59)	(70)	(66)
Amortization of actuarial loss (gain) and prior service cost	14	19	9
Other	10	5	8
Net periodic benefit cost (income)	$ 47	$ 27	$ 20
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	1.85%	1.35%	1.81%
Expected return on plan assets	2.17%	2.30%	2.57%
Rate of compensation increase	4.46%	4.11%	4.10%

Employee Benefit Plans - Pretax

Employee Benefit Plans - Pretax Amounts Included in Accumulated OCI (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	$ 5,696	$ 4,830
Prior service cost (credits)	42	14
Amounts recognized in accumulated OCI	5,738	4,844
U.S. \| Postretirement Health and Life Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	(187)	4
Prior service cost (credits)	(1)	(3)
Amounts recognized in accumulated OCI	(188)	1
Non-U.S. \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	312	456
Prior service cost (credits)	43	17
Amounts recognized in accumulated OCI	355	473
Qualified \| U.S. \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	4,775	3,425
Prior service cost (credits)	0	0
Amounts recognized in accumulated OCI	4,775	3,425
Nonqualified \| U.S. \| Other Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	796	945
Prior service cost (credits)	0	0
Amounts recognized in accumulated OCI	$ 796	$ 945

Employee Benefit Plans - Pret_2

Employee Benefit Plans - Pretax Amounts Recognized in OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	$ 1,090	$ (468)
Amortization of actuarial gain (loss) and prior service cost	(199)	(295)
Current year prior service cost (credit)	3	0
Amounts recognized in OCI	894	(763)
U.S. \| Postretirement Health and Life Plans
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	(198)	(41)
Amortization of actuarial gain (loss) and prior service cost	9	(20)
Current year prior service cost (credit)	0	0
Amounts recognized in OCI	(189)	(61)
Non-U.S. \| Pension Plan
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	(107)	(154)
Amortization of actuarial gain (loss) and prior service cost	(14)	(19)
Current year prior service cost (credit)	3	0
Amounts recognized in OCI	(118)	(173)
Qualified \| U.S. \| Pension Plan
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	1,490	(294)
Amortization of actuarial gain (loss) and prior service cost	(140)	(193)
Current year prior service cost (credit)	0	0
Amounts recognized in OCI	1,350	(487)
Nonqualified \| U.S. \| Other Pension Plan
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	(95)	21
Amortization of actuarial gain (loss) and prior service cost	(54)	(63)
Current year prior service cost (credit)	0	0
Amounts recognized in OCI	$ (149)	$ (42)

Employee Benefit Plans - Target

Employee Benefit Plans - Target Allocation (Details)	Dec. 31, 2022
U.S. \| Qualified \| Minimum \| Pension Plan \| Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	15%
U.S. \| Qualified \| Minimum \| Pension Plan \| Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	45%
U.S. \| Qualified \| Minimum \| Pension Plan \| Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. \| Qualified \| Minimum \| Pension Plan \| Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. \| Qualified \| Maximum \| Pension Plan \| Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	50%
U.S. \| Qualified \| Maximum \| Pension Plan \| Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	80%
U.S. \| Qualified \| Maximum \| Pension Plan \| Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
U.S. \| Qualified \| Maximum \| Pension Plan \| Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
U.S. \| Nonqualified \| Minimum \| Other Pension Plan \| Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. \| Nonqualified \| Minimum \| Other Pension Plan \| Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	95%
U.S. \| Nonqualified \| Minimum \| Other Pension Plan \| Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. \| Nonqualified \| Minimum \| Other Pension Plan \| Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. \| Nonqualified \| Maximum \| Other Pension Plan \| Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
U.S. \| Nonqualified \| Maximum \| Other Pension Plan \| Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	100%
U.S. \| Nonqualified \| Maximum \| Other Pension Plan \| Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
U.S. \| Nonqualified \| Maximum \| Other Pension Plan \| Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
Non-U.S. \| Minimum \| Pension Plan \| Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
Non-U.S. \| Minimum \| Pension Plan \| Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	40%
Non-U.S. \| Minimum \| Pension Plan \| Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
Non-U.S. \| Minimum \| Pension Plan \| Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
Non-U.S. \| Maximum \| Pension Plan \| Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	20%
Non-U.S. \| Maximum \| Pension Plan \| Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	75%
Non-U.S. \| Maximum \| Pension Plan \| Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	15%
Non-U.S. \| Maximum \| Pension Plan \| Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	40%

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 19,123	$ 26,096
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10,194	13,521
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8,508	11,932
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	421	643	$ 698	$ 644
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,900	1,700
Money market and interest-bearing cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,329	1,339
Money market and interest-bearing cash \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,329	1,339
Money market and interest-bearing cash \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Money market and interest-bearing cash \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,022	5,888
U.S. government and agency securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,313	4,948
U.S. government and agency securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	704	934
U.S. government and agency securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5	6	7	8
Corporate debt
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,587	4,900
Corporate debt \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate debt \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,587	4,900
Corporate debt \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. debt securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,260	2,090
Non-U.S. debt securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	327	925
Non-U.S. debt securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	933	1,165
Non-U.S. debt securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Asset-backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,273	1,485
Asset-backed securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Asset-backed securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,273	1,485
Asset-backed securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Mutual and exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,247	1,395
Mutual and exchange-traded funds \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,247	1,395
Mutual and exchange-traded funds \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Mutual and exchange-traded funds \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Collective investment funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,988	3,419
Collective investment funds \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Collective investment funds \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,988	3,419
Collective investment funds \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common and preferred stocks
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,901	4,826
Common and preferred stocks \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,901	4,826
Common and preferred stocks \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common and preferred stocks \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate investment trusts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	76	87
Real estate investment trusts \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	76	87
Real estate investment trusts \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate investment trusts \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Participant loans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	7
Participant loans \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Participant loans \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Participant loans \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	7	7	8
Other investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	434	660
Other investments \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	1
Other investments \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23	29
Other investments \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	410	630	$ 684	$ 628
Insurance Annuity Contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	390	612
Other Various Investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 44	$ 48

Employee Benefit Plans - Level

Employee Benefit Plans - Level 3 Fair Value Measurements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in fair value of plan assets
Fair value, January 1	$ 26,096
Fair value, December 31	19,123	$ 26,096
U.S. government and agency securities
Change in fair value of plan assets
Fair value, January 1	5,888
Fair value, December 31	4,022	5,888
Participant loans
Change in fair value of plan assets
Fair value, January 1	7
Fair value, December 31	6	7
Other investments
Change in fair value of plan assets
Fair value, January 1	660
Fair value, December 31	434	660
Level 3
Change in fair value of plan assets
Fair value, January 1	643	698	$ 644
Actual Return on Plan Assets Still Held at the Reporting Date	(8)	(5)	6
Purchases, Sales and Settlements	(214)	(50)	48
Fair value, December 31	421	643	698
Level 3 \| U.S. government and agency securities
Change in fair value of plan assets
Fair value, January 1	6	7	8
Actual Return on Plan Assets Still Held at the Reporting Date	0	0	0
Purchases, Sales and Settlements	(1)	(1)	(1)
Fair value, December 31	5	6	7
Level 3 \| Participant loans
Change in fair value of plan assets
Fair value, January 1	7	7	8
Actual Return on Plan Assets Still Held at the Reporting Date	0	0	0
Purchases, Sales and Settlements	(1)	0	(1)
Fair value, December 31	6	7	7
Level 3 \| Other investments
Change in fair value of plan assets
Fair value, January 1	630	684	628
Actual Return on Plan Assets Still Held at the Reporting Date	(8)	(5)	6
Purchases, Sales and Settlements	(212)	(49)	50
Fair value, December 31	$ 410	$ 630	$ 684

Employee Benefit Plans - Projec

Employee Benefit Plans - Projected Benefit Payments (Details) $ in Millions	Dec. 31, 2022 USD ($)
U.S. \| Postretirement Health and Life Plans
Projected Benefit Payments
2023	$ 73
2024	70
2025	67
2026	64
2027	61
2028 - 2032	263
U.S. \| Qualified \| Pension Plan
Projected Benefit Payments
2023	892
2024	927
2025	918
2026	921
2027	908
2028 - 2032	4,289
U.S. \| Nonqualified \| Other Pension Plan
Projected Benefit Payments
2023	235
2024	232
2025	223
2026	215
2027	209
2028 - 2032	884
Non-U.S. \| Pension Plan
Projected Benefit Payments
2023	114
2024	108
2025	116
2026	117
2027	114
2028 - 2032	$ 580

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in Accumulated OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 270,066	$ 272,924	$ 264,810
Net change	(16,052)	(3,448)	4,977
Ending balance	273,197	270,066	272,924
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(5,104)	(1,656)	(6,633)
Ending balance	(21,156)	(5,104)	(1,656)
Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	3,045	5,122	323
Net change	(6,028)	(2,077)	4,799
Ending balance	(2,983)	3,045	5,122
Debit Valuation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,636)	(1,992)	(1,494)
Net change	755	356	(498)
Ending balance	(881)	(1,636)	(1,992)
Derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,880)	426	(400)
Net change	(10,055)	(2,306)	826
Ending balance	(11,935)	(1,880)	426
Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(3,642)	(4,266)	(4,168)
Net change	(667)	624	(98)
Ending balance	(4,309)	(3,642)	(4,266)
Foreign Currency
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(991)	(946)	(894)
Net change	(57)	(45)	(52)
Ending balance	$ (1,048)	$ (991)	$ (946)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in OCI Components Pre- and After-tax (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
After- tax
Comprehensive income (loss)	$ 11,476	$ 28,530	$ 22,871
Total other comprehensive income (loss)
Pretax
Net change	(21,001)	(4,325)	6,483
Tax effect
Net change	4,949	877	(1,506)
After- tax
Comprehensive income (loss)	(16,052)	(3,448)	4,977
Debt Securities
Pretax
Net increase (decrease) in fair value	(7,995)	(2,749)	6,819
Net realized (gains) losses reclassified into earnings	(32)	(22)	(411)
Net change	(8,027)	(2,771)	6,408
Tax effect
Net increase (decrease) in fair value	1,991	689	(1,712)
Net realized (gains) losses reclassified into earnings	8	5	103
Net change	1,999	694	(1,609)
After- tax
Net increase (decrease) in fair value	(6,004)	(2,060)	5,107
Net realized (gains) losses reclassified into earnings	(24)	(17)	(308)
Comprehensive income (loss)	(6,028)	(2,077)	4,799
Debit Valuation Adjustments
Pretax
Net increase (decrease) in fair value	980	449	(669)
Net realized (gains) losses reclassified into earnings	16	13	19
Net change	996	462	(650)
Tax effect
Net increase (decrease) in fair value	(237)	(103)	156
Net realized (gains) losses reclassified into earnings	(4)	(3)	(4)
Net change	(241)	(106)	152
After- tax
Net increase (decrease) in fair value	743	346	(513)
Net realized (gains) losses reclassified into earnings	12	10	15
Comprehensive income (loss)	755	356	(498)
Derivatives
Pretax
Net increase (decrease) in fair value	(13,711)	(2,849)	1,098
Net realized (gains) losses reclassified into earnings	303	(221)	(6)
Net change	(13,408)	(3,070)	1,092
Tax effect
Net increase (decrease) in fair value	3,430	703	(268)
Net realized (gains) losses reclassified into earnings	(77)	61	2
Net change	3,353	764	(266)
After- tax
Net increase (decrease) in fair value	(10,281)	(2,146)	830
Net realized (gains) losses reclassified into earnings	226	(160)	(4)
Comprehensive income (loss)	(10,055)	(2,306)	826
Derivatives \| Net interest income
Pretax
Net realized (gains) losses reclassified into earnings	332	(166)	6
Tax effect
Net realized (gains) losses reclassified into earnings	(84)	48	(1)
After- tax
Net realized (gains) losses reclassified into earnings	248	(118)	5
Derivatives \| Compensation and benefits expense
Pretax
Net realized (gains) losses reclassified into earnings	(29)	(55)	(12)
Tax effect
Net realized (gains) losses reclassified into earnings	7	13	3
After- tax
Net realized (gains) losses reclassified into earnings	(22)	(42)	(9)
Employee Benefit Plans
Pretax
Net increase (decrease) in fair value	(1,103)	463	(381)
Net realized (gains) losses reclassified into earnings	198	295	261
Settlements, curtailments and other	11	5	5
Net change	(894)	763	(115)
Tax effect
Net increase (decrease) in fair value	276	(72)	80
Net realized (gains) losses reclassified into earnings	(49)	(67)	(63)
Settlements, curtailments and other	0	0	0
Net change	227	(139)	17
After- tax
Net increase (decrease) in fair value	(827)	391	(301)
Net realized (gains) losses reclassified into earnings	149	228	198
Settlements, curtailments and other	11	5	5
Comprehensive income (loss)	(667)	624	(98)
Foreign Currency
Pretax
Net increase (decrease) in fair value	332	296	(251)
Net realized (gains) losses reclassified into earnings	0	(5)	(1)
Net change	332	291	(252)
Tax effect
Net increase (decrease) in fair value	(390)	(341)	199
Net realized (gains) losses reclassified into earnings	1	5	1
Net change	(389)	(336)	200
After- tax
Net increase (decrease) in fair value	(58)	(45)	(52)
Net realized (gains) losses reclassified into earnings	1	0	0
Comprehensive income (loss)	$ (57)	$ (45)	$ (52)

Earnings Per Common Share - Bas

Earnings Per Common Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings per common share
Net income	$ 27,528	$ 31,978	$ 17,894
Preferred stock dividends and other	(1,513)	(1,421)	(1,421)
Net income applicable to common shareholders	$ 26,015	$ 30,557	$ 16,473
Average common shares issued and outstanding (in shares)	8,113.7	8,493.3	8,753.2
Earnings per common share (in dollars per share)	$ 3.21	$ 3.60	$ 1.88
Diluted earnings per common share
Net income applicable to common shareholders	$ 26,015	$ 30,557	$ 16,473
Average common shares issued and outstanding (in shares)	8,113.7	8,493.3	8,753.2
Dilutive potential common shares (in shares)	53.8	65.1	43.7
Total diluted average common shares issued and outstanding (in shares)	8,167.5	8,558.4	8,796.9
Diluted earnings per common share (in dollars per share)	$ 3.19	$ 3.57	$ 1.87

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Series L Preferred Stock \| Convertible Preferred Stock Subject to Mandatory Redemption
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share (in shares)	62	62	62

Regulatory Requirements and R_3

Regulatory Requirements and Restrictions - Schedule of Capital Under Basel 3 (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Regulatory Minimum
G-SIB surcharge	2.50%	2.50%
Capital conservation buffer	2.50%	2.50%
Bank of America Corporation
Regulatory Minimum
Common equity tier 1 capital ratio	0.104	0.095
Tier 1 capital ratio	0.119	0.110
Total capital ratio	0.139	0.130
Regulatory Minimum
Tier 1 leverage ratio	0.040	0.040
Supplementary leverage ratio	0.050	0.050
Subsidiaries \| Bank of America, N.A.
Regulatory Minimum
Common equity tier 1 capital ratio	0.070	0.070
Tier 1 capital ratio	0.085	0.085
Total capital ratio	0.105	0.105
Regulatory Minimum
Tier 1 leverage ratio	0.050	0.050
Supplementary leverage ratio	0.060	0.060
Standardized Approach
Regulatory Minimum
Stress capital buffer	3.40%	2.50%
Standardized Approach \| Bank of America Corporation
Risk-based capital metrics:
Common equity tier 1 capital	$ 180,060	$ 171,759
Tier 1 capital	208,446	196,465
Total capital	238,773	227,592
Risk-weighted assets	$ 1,605,000	$ 1,618,000
Common equity tier 1 capital ratio	0.112	0.106
Tier 1 capital ratio	0.130	0.121
Total capital ratio	0.149	0.141
Leverage-based metrics:
Adjusted quarterly average assets	$ 2,997,000	$ 3,087,000
Tier 1 leverage ratio	0.070	0.064
Standardized Approach \| Subsidiaries \| Bank of America, N.A.
Risk-based capital metrics:
Common equity tier 1 capital	$ 181,089	$ 182,526
Tier 1 capital	181,089	182,526
Total capital	194,254	194,773
Risk-weighted assets	$ 1,386,000	$ 1,352,000
Common equity tier 1 capital ratio	0.131	0.135
Tier 1 capital ratio	0.131	0.135
Total capital ratio	0.140	0.144
Leverage-based metrics:
Adjusted quarterly average assets	$ 2,358,000	$ 2,414,000
Tier 1 leverage ratio	0.077	0.076
Advanced Approaches \| Bank of America Corporation
Risk-based capital metrics:
Common equity tier 1 capital	$ 180,060	$ 171,759
Tier 1 capital	208,446	196,465
Total capital	230,916	220,616
Risk-weighted assets	$ 1,411,000	$ 1,399,000
Common equity tier 1 capital ratio	0.128	0.123
Tier 1 capital ratio	0.148	0.140
Total capital ratio	0.164	0.158
Leverage-based metrics:
Adjusted quarterly average assets	$ 2,997,000	$ 3,087,000
Tier 1 leverage ratio	0.070	0.064
SLR leverage exposure	$ 3,523,000	$ 3,604,000
Supplementary leverage ratio	0.059	0.055
Advanced Approaches \| Subsidiaries \| Bank of America, N.A.
Risk-based capital metrics:
Common equity tier 1 capital	$ 181,089	$ 182,526
Tier 1 capital	181,089	182,526
Total capital	186,648	188,091
Risk-weighted assets	$ 1,087,000	$ 1,048,000
Common equity tier 1 capital ratio	0.167	0.174
Tier 1 capital ratio	0.167	0.174
Total capital ratio	0.172	0.179
Leverage-based metrics:
Adjusted quarterly average assets	$ 2,358,000	$ 2,414,000
Tier 1 leverage ratio	0.077	0.076
SLR leverage exposure	$ 2,785,000	$ 2,824,000
Supplementary leverage ratio	0.065	0.065

Regulatory Requirements and R_4

Regulatory Requirements and Restrictions - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash segregated under other regulations	$ 5,600	$ 4,000
Securities segregated under other regulations	16,600	10,600
Deposits with clearing organizations	$ 20,700	$ 28,600
Bank of America, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Preceding period of net profits for dividends	2 years
Cash dividends allowable to be declared and paid by consolidated subsidiaries to the parent company	$ 16,100
Subsidiaries, Bank of America California, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash dividends allowable to be declared and paid by consolidated subsidiaries to the parent company	173
Bank of America, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Proceeds from dividends received	22,000
Subsidiaries, Bank of America California, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Proceeds from dividends received	$ 250

Stock-based Compensation Plan_2

Stock-based Compensation Plans - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 2,900	$ 3,000	$ 2,100
Tax benefit from compensation expense	697	723	505
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 3,600
Expected period of total unrecognized compensation cost	4 years
Total unrecognized compensation cost, period for recognition	2 years 8 months 12 days
Fair value of vested in period	$ 3,400	$ 2,300	$ 2,300
Bank Of America Corporation Equity Plan (BACEP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	715
Bank Of America Corporation Equity Plan (BACEP) \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	102	99
Number of vesting installments	4 years
BACEP, Vesting In One-Third Increments \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)		18
Number of vesting installments		3 years
BACEP, Vesting In One-Third Increments \| Restricted Stock Units (RSUs) \| Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.33%
BACEP, Vesting In One-Third Increments \| Restricted Stock Units (RSUs) \| Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.33%
BACEP, Vesting In One-Third Increments \| Restricted Stock Units (RSUs) \| Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.33%
BACEP, Vesting In One-Fourth Increments \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)		81
Number of vesting installments	4 years	4 years
BACEP, Vesting In One-Fourth Increments \| Restricted Stock Units (RSUs) \| Share-based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	39	27
BACEP, Vesting In One-Fourth Increments \| Restricted Stock Units (RSUs) \| Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%
BACEP, Vesting In One-Fourth Increments \| Restricted Stock Units (RSUs) \| Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%
BACEP, Vesting In One-Fourth Increments \| Restricted Stock Units (RSUs) \| Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%
BACEP, Vesting In One-Fourth Increments \| Restricted Stock Units (RSUs) \| Year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%

Stock-based Compensation Plan_3

Stock-based Compensation Plans - Restricted Stock Units (Details) - Stock-settled Restricted Stock and Restricted Stock Units	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares/Units
Outstanding at beginning of period (in shares) \| shares	185,050,842
Granted (in shares) \| shares	100,108,395
Vested (in shares) \| shares	(73,288,792)
Canceled (in shares) \| shares	(9,310,647)
Outstanding at end of period (in shares) \| shares	202,559,798
Weighted-average Grant Date Fair Value
Outstanding at beginning of period (in dollars per share) \| $ / shares	$ 31.54
Granted (in dollars per share) \| $ / shares	46.10
Vested (in dollars per share) \| $ / shares	30.85
Canceled (in dollars per share) \| $ / shares	39.80
Outstanding at end of period (in dollars per share) \| $ / shares	$ 38.60

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current income tax expense
U.S. federal	$ 1,157	$ 1,076	$ 1,092
U.S. state and local	389	775	1,076
Non-U.S.	1,156	985	670
Total current expense	2,702	2,836	2,838
Deferred income tax expense
U.S. federal	110	962	(799)
U.S. state and local	254	491	(233)
Non-U.S.	375	(2,291)	(705)
Total deferred expense	739	(838)	(1,737)
Total income tax expense	$ 3,441	$ 1,998	$ 1,101

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	12 Months Ended
Income Taxes - Narrative (Details)	Dec. 31, 2022 USD ($) Jurisdiction	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Income Tax Disclosure [Line Items]
Tax law changes, negative (positive) adjustment	$ 186,000,000	$ (2,050,000,000)	$ (699,000,000)
Unrecognized tax benefits that would impact effective rate	709,000,000	959,000,000	976,000,000
Decrease in unrecognized tax benefits, reasonably possible	375,000,000
Penalties and interest expense (benefit)	(50,000,000)	32,000,000	9,000,000
Penalties and interest accrued	$ 107,000,000	167,000,000
Number of jurisdictions for filing income tax returns (more than) \| Jurisdiction	100
Temporary differences with investments in Non-US subsidiaries	$ 5,000,000,000
Deferred tax liability, temporary differences with investments in Non-US subsidiaries	1,000,000,000
Accumulated Other Comprehensive Income (Loss)
Income Tax Disclosure [Line Items]
Other comprehensive income (loss), tax expense (benefit)	(4,949,000,000)	(877,000,000)	1,506,000,000
Net operating losses – non-U.S.
Income Tax Disclosure [Line Items]
Valuation Allowance	(147,000,000)
United Kingdom
Income Tax Disclosure [Line Items]
Tax law changes, negative (positive) adjustment	186,000,000	$ (2,000,000,000)	$ (700,000,000)
United Kingdom \| Net operating losses – non-U.S.
Income Tax Disclosure [Line Items]
Valuation Allowance	$ 0

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amount
Expected U.S. federal income tax expense	$ 6,504	$ 7,135	$ 3,989
Increase (decrease) in taxes resulting from:
State tax expense, net of federal benefit	756	1,087	728
Affordable housing/energy/other credits	(3,698)	(3,795)	(2,869)
Tax-exempt income, including dividends	(273)	(352)	(346)
Changes in prior-period UTBs, including interest	(273)	(155)	(41)
Rate differential on non-U.S. earnings	368	45	218
Nondeductible expenses	352	206	324
Tax law changes	186	(2,050)	(699)
Other	(481)	(123)	(203)
Total income tax expense	$ 3,441	$ 1,998	$ 1,101
Percent
Expected U.S. federal income tax expense	21%	21%	21%
Increase (decrease) in taxes resulting from:
State tax expense, net of federal benefit	2.40%	3.20%	3.80%
Affordable housing/energy/other credits	(11.90%)	(11.20%)	(15.10%)
Tax-exempt income, including dividends	(0.90%)	(1.00%)	(1.80%)
Changes in prior-period UTBs, including interest	(0.90%)	(0.50%)	(0.20%)
Rate differential on non-U.S. earnings	1.20%	0.10%	1.10%
Nondeductible expenses	1.10%	0.60%	1.70%
Tax law changes	0.60%	(6.00%)	(3.70%)
Other	(1.50%)	(0.30%)	(1.00%)
Total income tax expense	11.10%	5.90%	5.80%

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of the Change in Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, January 1	$ 1,322	$ 1,340	$ 1,175
Increases related to positions taken during the current year	121	208	238
Increases related to positions taken during prior years	167	265	99
Decreases related to positions taken during prior years	(289)	(413)	(172)
Settlements	(99)	(23)	0
Expiration of statute of limitations	(166)	(55)	0
Balance, December 31	1,056	1,322	1,340
Changes in prior-period UTBs, including interest	$ (273)	$ (155)	$ (41)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Net operating loss carryforwards	$ 9,029	$ 9,360
Security, loan and debt valuations	4,788	2,746
Allowance for credit losses	3,503	3,097
Lease liability	2,443	2,508
Employee compensation and retirement benefits	1,625	1,392
Accrued expenses	1,143	1,626
Available-for-sale securities	960	0
Credit carryforwards	769	705
Other	1,371	1,160
Gross deferred tax assets	25,631	22,594
Valuation allowance	(2,133)	(1,988)
Total deferred tax assets, net of valuation allowance	23,498	20,606
Deferred tax liabilities
Equipment lease financing	2,432	3,083
Right-of-use asset	2,303	2,358
ESG-related tax credit investments	1,759	1,387
Fixed Assets	1,200	2,082
Available-for-sale securities	0	1,016
Other	2,459	1,527
Gross deferred tax liabilities	10,153	11,453
Net deferred tax assets	$ 13,345	$ 9,153

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Loss and Tax Credit Carryforwards (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	$ 9,029,000,000	$ 9,360,000,000
Deferred Tax Asset	769,000,000	$ 705,000,000
Net operating losses before benefit of federal deductions	1,300,000,000
Valuation allowance before considering benefit of federal deductions	794,000,000
Foreign tax credits
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	769,000,000
Valuation Allowance	(769,000,000)
Net Deferred Tax Asset	0
Net operating losses – non-U.S.
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	331,000,000
Valuation Allowance	(147,000,000)
Net Deferred Tax Asset	184,000,000
Net operating losses – non-U.S. \| United Kingdom
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	7,661,000,000
Valuation Allowance	0
Net Deferred Tax Asset	7,661,000,000
Net operating losses – U.S. states
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	1,036,000,000
Valuation Allowance	(627,000,000)
Net Deferred Tax Asset	$ 409,000,000

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell	$ 146,999	$ 150,665
Trading account assets	296,108	247,080
Derivative assets	398,300	348,400
Derivative assets	48,642	35,344
Total AFS debt securities	220,788	299,178
Other debt securities carried at fair value	9,206	8,895
Loans and leases	5,771	7,819
Loans held-for-sale	1,115	4,455
Other assets, measured at fair value	9,594	12,144
Liabilities
Interest-bearing deposits in U.S. offices	311	408
Federal funds purchased and securities loaned or sold under agreements to repurchase	151,708	139,641
Derivative liabilities	398,500	355,500
Derivative liabilities	44,816	37,675
Short-term borrowings	832	4,279
Long-term debt	33,070	29,708
U.S. Treasury and government agencies
Assets
Total AFS debt securities	159,022	199,145
Agency
Assets
Total AFS debt securities	23,442	46,339
Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	2,221	3,380
Non-agency residential
Assets
Total AFS debt securities	386	583
Commercial
Assets
Total AFS debt securities	6,407	19,604
Other taxable securities
Assets
Total AFS debt securities	4,645	2,761
Tax-exempt securities
Assets
Total AFS debt securities	11,258	15,433
Recurring
Assets
Time deposits placed and other short-term investments	868	707
Federal funds sold and securities borrowed or purchased under agreements to resell	146,999	150,665
Trading account assets	296,108	247,080
Netting adjustments	(349,726)	(313,118)
Derivative assets	48,642	35,344
Total AFS debt securities	220,788	299,178
Other debt securities carried at fair value	9,206	8,895
Loans and leases	5,771	7,819
Loans held-for-sale	1,115	4,455
Other assets, measured at fair value	9,594	12,144
Total assets	739,091	766,287
Liabilities
Interest-bearing deposits in U.S. offices	311	408
Federal funds purchased and securities loaned or sold under agreements to repurchase	151,708	139,641
Total trading account liabilities	80,399	100,690
Netting adjustment	(353,700)	(317,782)
Derivative liabilities	44,816	37,675
Short-term borrowings	832	4,279
Accrued expenses and other liabilities	9,752	11,489
Long-term debt	33,070	29,708
Total liabilities	320,888	323,890
Mortgage servicing rights	$ 1,000	$ 818
Level 3 recurring assets, as a percent of total assets	0.35%	0.34%
Level 3 recurring liabilities, as a percent of total liabilities	0.25%	0.24%
Recurring \| U.S. Treasury and government agencies
Assets
Trading account assets	$ 59,106	$ 45,402
Liabilities
Total trading account liabilities	14,087	20,139
Recurring \| Corporate securities, trading loans and other
Assets
Trading account assets	49,281	33,711
Liabilities
Total trading account liabilities	6,686	8,135
Recurring \| Equity securities
Assets
Trading account assets	113,078	99,998
Liabilities
Total trading account liabilities	41,762	48,235
Recurring \| Non-U.S. sovereign debt
Assets
Trading account assets	34,216	29,830
Liabilities
Total trading account liabilities	17,864	24,181
Recurring \| U.S. government-sponsored agency guaranteed
Assets
Trading account assets	28,597	25,754
Recurring \| Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	11,830	12,385
Recurring \| U.S. Treasury and government agencies
Assets
Total AFS debt securities	159,022	199,145
Other debt securities carried at fair value	561	575
Recurring \| Agency
Assets
Total AFS debt securities	23,442	46,339
Recurring \| Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	2,221	3,380
Recurring \| Non-agency residential
Assets
Total AFS debt securities	386	583
Other debt securities carried at fair value	367	585
Recurring \| Commercial
Assets
Total AFS debt securities	6,407	19,604
Recurring \| Non-U.S. securities
Assets
Total AFS debt securities	13,407	11,933
Recurring \| Other taxable securities
Assets
Total AFS debt securities	4,645	2,761
Recurring \| Tax-exempt securities
Assets
Total AFS debt securities	11,258	15,433
Recurring \| Non-U.S. and other securities
Assets
Other debt securities carried at fair value	8,278	7,735
Recurring \| Securities gegregated for compliance or deposited with clearing organizations
Assets
Trading account assets	16,600	10,600
Recurring \| Commodities Investment
Assets
Trading account assets	40	752
Recurring \| Level 1
Assets
Time deposits placed and other short-term investments	868	707
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	144,154	109,846
Derivative assets	14,775	34,748
Total AFS debt securities	158,102	198,071
Other debt securities carried at fair value	3,588	3,155
Loans and leases	0	0
Loans held-for-sale	0	0
Other assets, measured at fair value	6,898	7,657
Total assets	328,385	354,184
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Total trading account liabilities	60,479	71,970
Derivative liabilities	15,431	35,282
Short-term borrowings	0	0
Accrued expenses and other liabilities	7,458	8,359
Long-term debt	0	0
Total liabilities	83,368	115,611
Recurring \| Level 1 \| U.S. Treasury and government agencies
Assets
Trading account assets	58,894	44,599
Liabilities
Total trading account liabilities	13,906	19,826
Recurring \| Level 1 \| Corporate securities, trading loans and other
Assets
Trading account assets	0	0
Liabilities
Total trading account liabilities	0	0
Recurring \| Level 1 \| Equity securities
Assets
Trading account assets	77,868	61,425
Liabilities
Total trading account liabilities	36,937	41,744
Recurring \| Level 1 \| Non-U.S. sovereign debt
Assets
Trading account assets	7,392	3,822
Liabilities
Total trading account liabilities	9,636	10,400
Recurring \| Level 1 \| U.S. government-sponsored agency guaranteed
Assets
Trading account assets	0	0
Recurring \| Level 1 \| Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	0	0
Recurring \| Level 1 \| U.S. Treasury and government agencies
Assets
Total AFS debt securities	158,102	198,071
Other debt securities carried at fair value	561	575
Recurring \| Level 1 \| Agency
Assets
Total AFS debt securities	0	0
Recurring \| Level 1 \| Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	0	0
Recurring \| Level 1 \| Non-agency residential
Assets
Total AFS debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring \| Level 1 \| Commercial
Assets
Total AFS debt securities	0	0
Recurring \| Level 1 \| Non-U.S. securities
Assets
Total AFS debt securities	0	0
Recurring \| Level 1 \| Other taxable securities
Assets
Total AFS debt securities	0	0
Recurring \| Level 1 \| Tax-exempt securities
Assets
Total AFS debt securities	0	0
Recurring \| Level 1 \| Non-U.S. and other securities
Assets
Other debt securities carried at fair value	3,027	2,580
Recurring \| Level 2
Assets
Time deposits placed and other short-term investments	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell	146,999	150,665
Trading account assets	147,355	133,011
Derivative assets	380,380	310,581
Total AFS debt securities	62,182	100,668
Other debt securities carried at fair value	5,499	5,498
Loans and leases	5,518	7,071
Loans held-for-sale	883	4,138
Other assets, measured at fair value	897	2,915
Total assets	749,713	714,547
Liabilities
Interest-bearing deposits in U.S. offices	311	408
Federal funds purchased and securities loaned or sold under agreements to repurchase	151,708	139,641
Total trading account liabilities	19,862	28,709
Derivative liabilities	376,979	314,380
Short-term borrowings	818	4,279
Accrued expenses and other liabilities	2,262	3,130
Long-term debt	32,208	28,633
Total liabilities	584,148	519,180
Recurring \| Level 2 \| U.S. Treasury and government agencies
Assets
Trading account assets	212	803
Liabilities
Total trading account liabilities	181	313
Recurring \| Level 2 \| Corporate securities, trading loans and other
Assets
Trading account assets	46,897	31,601
Liabilities
Total trading account liabilities	6,628	8,124
Recurring \| Level 2 \| Equity securities
Assets
Trading account assets	35,065	38,383
Liabilities
Total trading account liabilities	4,825	6,491
Recurring \| Level 2 \| Non-U.S. sovereign debt
Assets
Trading account assets	26,306	25,612
Liabilities
Total trading account liabilities	8,228	13,781
Recurring \| Level 2 \| U.S. government-sponsored agency guaranteed
Assets
Trading account assets	28,563	25,645
Recurring \| Level 2 \| Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	10,312	10,967
Recurring \| Level 2 \| U.S. Treasury and government agencies
Assets
Total AFS debt securities	920	1,074
Other debt securities carried at fair value	0	0
Recurring \| Level 2 \| Agency
Assets
Total AFS debt securities	23,442	46,339
Recurring \| Level 2 \| Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	2,221	3,380
Recurring \| Level 2 \| Non-agency residential
Assets
Total AFS debt securities	128	267
Other debt securities carried at fair value	248	343
Recurring \| Level 2 \| Commercial
Assets
Total AFS debt securities	6,407	19,604
Recurring \| Level 2 \| Non-U.S. securities
Assets
Total AFS debt securities	13,212	11,933
Recurring \| Level 2 \| Other taxable securities
Assets
Total AFS debt securities	4,645	2,690
Recurring \| Level 2 \| Tax-exempt securities
Assets
Total AFS debt securities	11,207	15,381
Recurring \| Level 2 \| Non-U.S. and other securities
Assets
Other debt securities carried at fair value	5,251	5,155
Recurring \| Level 3
Assets
Time deposits placed and other short-term investments	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	4,599	4,223
Derivative assets	3,213	3,133	$ 2,800
Total AFS debt securities	504	439
Other debt securities carried at fair value	119	242
Loans and leases	253	748
Loans held-for-sale	232	317
Other assets, measured at fair value	1,799	1,572
Total assets	10,719	10,674
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Total trading account liabilities	58	11
Derivative liabilities	6,106	5,795	$ 6,200
Short-term borrowings	14	0
Accrued expenses and other liabilities	32	0
Long-term debt	862	1,075
Total liabilities	7,072	6,881
Mortgage servicing rights	1,020	818
Recurring \| Level 3 \| U.S. Treasury and government agencies
Assets
Trading account assets	0	0
Liabilities
Total trading account liabilities	0	0
Recurring \| Level 3 \| Corporate securities, trading loans and other
Assets
Trading account assets	2,384	2,110
Liabilities
Total trading account liabilities	58	11
Recurring \| Level 3 \| Equity securities
Assets
Trading account assets	145	190
Liabilities
Total trading account liabilities	0	0
Recurring \| Level 3 \| Non-U.S. sovereign debt
Assets
Trading account assets	518	396
Liabilities
Total trading account liabilities	0	0
Recurring \| Level 3 \| U.S. government-sponsored agency guaranteed
Assets
Trading account assets	34	109
Recurring \| Level 3 \| Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	1,518	1,418
Recurring \| Level 3 \| U.S. Treasury and government agencies
Assets
Total AFS debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring \| Level 3 \| Agency
Assets
Total AFS debt securities	0	0
Recurring \| Level 3 \| Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	0	0
Recurring \| Level 3 \| Non-agency residential
Assets
Total AFS debt securities	258	316
Other debt securities carried at fair value	119	242
Recurring \| Level 3 \| Commercial
Assets
Total AFS debt securities	0	0
Recurring \| Level 3 \| Non-U.S. securities
Assets
Total AFS debt securities	195	0
Recurring \| Level 3 \| Other taxable securities
Assets
Total AFS debt securities	0	71
Recurring \| Level 3 \| Tax-exempt securities
Assets
Total AFS debt securities	51	52
Recurring \| Level 3 \| Non-U.S. and other securities
Assets
Other debt securities carried at fair value	$ 0	$ 0

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ 28	$ (19)	$ (41)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning	(2,662)	(3,468)	(2,538)
Total realized and unrealized gains (losses) included in Net Income	551	927	(235)
Gains (losses) in OCI	0	0	0
Purchases	319	521	120
Sales	(830)	(653)	(646)
Issuances	0	0	0
Settlements	294	293	(112)
Gross Transfers into Level 3	(180)	(74)	(235)
Gross Transfers out of Level 3	(385)	(208)	178
Balance, ending	(2,893)	(2,662)	(3,468)
Change in unrealized gains/(losses) In net income related to financial instruments still held	$ 259	$ 800	$ (953)
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, Market making and similar activities	Other income, Market making and similar activities	Other income, 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, Market making and similar activities	Other income, Market making and similar activities	Other income, Market making and similar activities
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	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
Gains (losses) in OCI	$ 28	$ (19)	$ (41)
Derivative assets	398,300	348,400
Derivative liabilities	398,500	355,500
Level 3 \| Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Derivative assets	3,213	3,133	2,800
Derivative liabilities	6,106	5,795	6,200
Trading account liabilities – Equity securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		0	(2)
Total realized and unrealized gains (losses) included in Net Income			1
Gains (losses) in OCI			0
Purchases			0
Sales			0
Issuances			0
Settlements			0
Gross Transfers into Level 3			0
Gross Transfers out of Level 3			1
Balance, ending			0
Change in unrealized gains/(losses) In net income related to financial instruments still held			0
Trading account liabilities – Corporate securities and other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(11)	(16)	(15)
Total realized and unrealized gains (losses) included in Net Income	5	6	8
Gains (losses) in OCI	0	0	0
Purchases	(4)	0	(7)
Sales	0	0	(3)
Issuances	0	(1)	0
Settlements	(2)	0	1
Gross Transfers into Level 3	(46)	0	0
Gross Transfers out of Level 3	0	0	0
Balance, ending	(58)	(11)	(16)
Change in unrealized gains/(losses) In net income related to financial instruments still held	1	0	0
Short-term borrowings
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0
Total realized and unrealized gains (losses) included in Net Income	3
Gains (losses) in OCI	0
Purchases	0
Sales	(17)
Issuances	0
Settlements	0
Gross Transfers into Level 3	(3)
Gross Transfers out of Level 3	3
Balance, ending	(14)	0
Change in unrealized gains/(losses) In net income related to financial instruments still held	2
Accrued expenses and other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0
Total realized and unrealized gains (losses) included in Net Income	(23)
Gains (losses) in OCI	0
Purchases	(9)
Sales	0
Issuances	0
Settlements	0
Gross Transfers into Level 3	0
Gross Transfers out of Level 3	0
Balance, ending	(32)	0
Change in unrealized gains/(losses) In net income related to financial instruments still held	(7)
Long-term debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(1,075)	(1,164)	(1,149)
Total realized and unrealized gains (losses) included in Net Income	(197)	(92)	(46)
Gains (losses) in OCI	82	13	2
Purchases	0	(6)	(104)
Sales	14	15	0
Issuances	(1)	(12)	(47)
Settlements	57	98	218
Gross Transfers into Level 3	(24)	(65)	(52)
Gross Transfers out of Level 3	282	138	14
Balance, ending	(862)	(1,075)	(1,164)
Change in unrealized gains/(losses) In net income related to financial instruments still held	(200)	(113)	(5)
Total trading account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	4,223	3,380	3,781
Total realized and unrealized gains (losses) included in Net Income	(250)	(62)	(256)
Gains (losses) in OCI	14	(20)	(50)
Purchases	1,897	1,404	1,161
Sales	(1,078)	(1,226)	(1,102)
Issuances	0	7	21
Settlements	(790)	(507)	(420)
Gross Transfers into Level 3	1,672	2,127	1,604
Gross Transfers out of Level 3	(1,089)	(880)	(1,359)
Balance, ending	4,599	4,223	3,380
Change in unrealized gains/(losses) In net income related to financial instruments still held	(180)	(180)	(178)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	14	(20)	(50)
Corporate securities, trading loans and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2,110	1,359	1,507
Total realized and unrealized gains (losses) included in Net Income	(52)	(17)	(138)
Gains (losses) in OCI	(2)	0	(1)
Purchases	1,069	765	430
Sales	(384)	(437)	(242)
Issuances	0	0	10
Settlements	(606)	(327)	(282)
Gross Transfers into Level 3	1,023	1,218	639
Gross Transfers out of Level 3	(774)	(451)	(564)
Balance, ending	2,384	2,110	1,359
Change in unrealized gains/(losses) In net income related to financial instruments still held	(78)	(79)	(102)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(2)	0	(1)
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	190	227	239
Total realized and unrealized gains (losses) included in Net Income	(3)	(18)	(43)
Gains (losses) in OCI	0	0	0
Purchases	45	103	78
Sales	(25)	(68)	(53)
Issuances	0	0	0
Settlements	(4)	0	(3)
Gross Transfers into Level 3	38	112	58
Gross Transfers out of Level 3	(96)	(166)	(49)
Balance, ending	145	190	227
Change in unrealized gains/(losses) In net income related to financial instruments still held	(6)	(44)	(31)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Non-U.S. sovereign debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	396	354	482
Total realized and unrealized gains (losses) included in Net Income	59	31	45
Gains (losses) in OCI	16	(20)	(46)
Purchases	54	18	76
Sales	(4)	0	(61)
Issuances	0	0	0
Settlements	(68)	(13)	(39)
Gross Transfers into Level 3	75	26	150
Gross Transfers out of Level 3	(10)	0	(253)
Balance, ending	518	396	354
Change in unrealized gains/(losses) In net income related to financial instruments still held	56	34	47
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	16	(20)	(46)
Mortgage trading loans, MBS and ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,527	1,440	1,553
Total realized and unrealized gains (losses) included in Net Income	(254)	(58)	(120)
Gains (losses) in OCI	0	0	(3)
Purchases	729	518	577
Sales	(665)	(721)	(746)
Issuances	0	7	11
Settlements	(112)	(167)	(96)
Gross Transfers into Level 3	536	771	757
Gross Transfers out of Level 3	(209)	(263)	(493)
Balance, ending	1,552	1,527	1,440
Change in unrealized gains/(losses) In net income related to financial instruments still held	(152)	(91)	(92)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	(3)
Total AFS debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	439	643	599
Total realized and unrealized gains (losses) included in Net Income	10	5	(22)
Gains (losses) in OCI	(44)	(118)	6
Purchases	126	8	32
Sales	(8)	(108)	(59)
Issuances	0	0	0
Settlements	(100)	(51)	(214)
Gross Transfers into Level 3	385	304	441
Gross Transfers out of Level 3	(304)	(244)	(140)
Balance, ending	504	439	643
Change in unrealized gains/(losses) In net income related to financial instruments still held	1	(11)	(21)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(44)	(118)	6
Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	316	378	424
Total realized and unrealized gains (losses) included in Net Income	0	(11)	(2)
Gains (losses) in OCI	(35)	(111)	3
Purchases	0	0	23
Sales	(8)	(98)	(54)
Issuances	0	0	0
Settlements	(75)	(45)	(44)
Gross Transfers into Level 3	73	304	158
Gross Transfers out of Level 3	(13)	(101)	(130)
Balance, ending	258	316	378
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	8	(2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(35)	(111)	3
Non-U.S. and other taxable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	71	89	67
Total realized and unrealized gains (losses) included in Net Income	10	(4)	1
Gains (losses) in OCI	(10)	(7)	0
Purchases	126	8	9
Sales	0	(10)	(5)
Issuances	0	0	0
Settlements	(22)	(4)	(1)
Gross Transfers into Level 3	311	0	18
Gross Transfers out of Level 3	(291)	(1)	0
Balance, ending	195	71	89
Change in unrealized gains/(losses) In net income related to financial instruments still held	1	0	1
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(10)	(7)	0
Tax-exempt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	52	176	108
Total realized and unrealized gains (losses) included in Net Income	0	20	(21)
Gains (losses) in OCI	1	0	3
Purchases	0	0	0
Sales	0	0	0
Issuances	0	0	0
Settlements	(3)	(2)	(169)
Gross Transfers into Level 3	1	0	265
Gross Transfers out of Level 3	0	(142)	(10)
Balance, ending	51	52	176
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	(19)	(20)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	1	0	3
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	242	267	299
Total realized and unrealized gains (losses) included in Net Income	(19)	1	26
Gains (losses) in OCI	0	0	0
Purchases	0	0	0
Sales	0	(45)	(180)
Issuances	0	0	0
Settlements	(111)	(37)	(24)
Gross Transfers into Level 3	30	101	190
Gross Transfers out of Level 3	(23)	(45)	(44)
Balance, ending	119	242	267
Change in unrealized gains/(losses) In net income related to financial instruments still held	14	10	3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Loans and leases
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	748	717	693
Total realized and unrealized gains (losses) included in Net Income	(45)	62	(4)
Gains (losses) in OCI	0	0	0
Purchases	0	59	145
Sales	(154)	(13)	(76)
Issuances	82	70	22
Settlements	(129)	(180)	(161)
Gross Transfers into Level 3	0	46	98
Gross Transfers out of Level 3	(249)	(13)	0
Balance, ending	253	748	717
Change in unrealized gains/(losses) In net income related to financial instruments still held	(21)	65	9
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Loans held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	317	236	375
Total realized and unrealized gains (losses) included in Net Income	9	13	26
Gains (losses) in OCI	4	(6)	(28)
Purchases	171	132	0
Sales	(6)	(1)	(489)
Issuances	0	0	691
Settlements	(271)	(79)	(119)
Gross Transfers into Level 3	8	26	93
Gross Transfers out of Level 3	0	(4)	(313)
Balance, ending	232	317	236
Change in unrealized gains/(losses) In net income related to financial instruments still held	19	18	(5)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	4	(6)	(28)
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,572	1,970	2,360
Total realized and unrealized gains (losses) included in Net Income	305	7	(288)
Gains (losses) in OCI	(21)	3	3
Purchases	39	26	178
Sales	(35)	(202)	(4)
Issuances	208	144	224
Settlements	(271)	(383)	(506)
Gross Transfers into Level 3	5	9	5
Gross Transfers out of Level 3	(3)	(2)	(2)
Balance, ending	1,799	1,572	1,970
Change in unrealized gains/(losses) In net income related to financial instruments still held	213	3	(374)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (21)	$ 3	$ 3

Fair Value Measurements - Rec_2

Fair Value Measurements - Recurring Fair Value Inputs (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / MMBTU $ / security	Dec. 31, 2021 USD ($) $ / security $ / MMBTU
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 9,594	$ 12,144
Long-term debt	(33,070)	(29,708)
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	9,594	12,144
MSRs	1,000	818
Long-term debt	(33,070)	(29,708)
Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	852	1,269
Instruments backed by commercial real estate assets	362	298
Commercial loans, debt securities and other	4,348	4,212
Other assets, primarily auction rate securities	1,799	1,572
MSRs	1,020	818
Long-term debt	(862)	(1,075)
Net derivative asset (liability)	$ (2,893)	$ (2,662)
Recurring \| Level 3 \| Yield \| Minimum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.05	0
Recurring \| Level 3 \| Yield \| Minimum \| Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0	0
Recurring \| Level 3 \| Yield \| Minimum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.22	0
Recurring \| Level 3 \| Yield \| Maximum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.25	0.25
Commercial loans, debt securities and other	0.43	0.19
Recurring \| Level 3 \| Yield \| Maximum \| Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.25	0.25
Recurring \| Level 3 \| Yield \| Maximum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.43	0.19
Recurring \| Level 3 \| Yield \| Weighted Average \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.10	0.06
Commercial loans, debt securities and other	0.15	0.10
Recurring \| Level 3 \| Yield \| Weighted Average \| Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.10	0.04
Recurring \| Level 3 \| Yield \| Weighted Average \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.23	0.18
Recurring \| Level 3 \| Prepayment speed \| Minimum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0.01
Commercial loans, debt securities and other	0.10	0.10
Recurring \| Level 3 \| Prepayment speed \| Maximum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.29	0.40
Commercial loans, debt securities and other	0.20	0.20
Recurring \| Level 3 \| Prepayment speed \| Weighted Average \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.12	0.19
Commercial loans, debt securities and other	0.15	0.16
Recurring \| Level 3 \| Default rate \| Minimum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.03	0.03
Recurring \| Level 3 \| Default rate \| Maximum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.03	0.03
Commercial loans, debt securities and other	0.04	0.04
Recurring \| Level 3 \| Default rate \| Weighted Average \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.01	0.01
Commercial loans, debt securities and other	0.04	0.04
Recurring \| Level 3 \| Price \| Minimum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets \| $ / security	0	0
Commercial loans, debt securities and other	0	0
Other assets, primarily auction rate securities \| $ / security	10	10
Recurring \| Level 3 \| Price \| Minimum \| Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets \| $ / security	0	0
Recurring \| Level 3 \| Price \| Minimum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt \| $ / security	0	0
Recurring \| Level 3 \| Price \| Maximum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets \| $ / security	111	168
Commercial loans, debt securities and other	157	189
Other assets, primarily auction rate securities \| $ / security	97	96
Recurring \| Level 3 \| Price \| Maximum \| Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets \| $ / security	100	101
Recurring \| Level 3 \| Price \| Maximum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt \| $ / security	119	125
Recurring \| Level 3 \| Price \| Weighted Average \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets \| $ / security	26	92
Commercial loans, debt securities and other \| $ / security	75	73
Other assets, primarily auction rate securities \| $ / security	94	91
Recurring \| Level 3 \| Price \| Weighted Average \| Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets \| $ / security	75	57
Recurring \| Level 3 \| Price \| Weighted Average \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt \| $ / security	90	82
Recurring \| Level 3 \| Loss severity \| Minimum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.35	0.35
Recurring \| Level 3 \| Loss severity \| Maximum \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	1	0.43
Commercial loans, debt securities and other	0.40	0.40
Recurring \| Level 3 \| Loss severity \| Weighted Average \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.24	0.13
Commercial loans, debt securities and other	0.38	0.37
Recurring \| Level 3 \| Discount rate \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities	0.11	0.09
Recurring \| Level 3 \| Weighted-Average Life, Fixed Rate \| Minimum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0 years	0 years
Recurring \| Level 3 \| Weighted-Average Life, Fixed Rate \| Maximum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	14 years	14 years
Recurring \| Level 3 \| Weighted-Average Life, Fixed Rate \| Weighted Average \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	6 years	4 years
Recurring \| Level 3 \| Weighted-Average Life, Variable Rate \| Minimum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0 years	0 years
Recurring \| Level 3 \| Weighted-Average Life, Variable Rate \| Maximum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	12 years	10 years
Recurring \| Level 3 \| Weighted-Average Life, Variable Rate \| Weighted Average \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	4 years	3 years
Recurring \| Level 3 \| Option-adjusted spread, fixed rate \| Minimum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.07	0.07
Recurring \| Level 3 \| Option-adjusted spread, fixed rate \| Maximum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.14	0.14
Recurring \| Level 3 \| Option-adjusted spread, fixed rate \| Weighted Average \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.09	0.09
Recurring \| Level 3 \| Option-adjusted spread, variable rate \| Minimum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.09	0.09
Recurring \| Level 3 \| Option-adjusted spread, variable rate \| Maximum \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.15	0.15
Recurring \| Level 3 \| Option-adjusted spread, variable rate \| Weighted Average \| Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.12	0.12
Recurring \| Level 3 \| Equity correlation \| Minimum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0	0.03
Recurring \| Level 3 \| Equity correlation \| Maximum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.95	1
Recurring \| Level 3 \| Equity correlation \| Weighted Average \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.69	0.80
Recurring \| Level 3 \| Long-dated equity volatilities \| Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Commercial loans, debt securities and other		0.45
Recurring \| Level 3 \| Long-dated equity volatilities \| Minimum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.05
Recurring \| Level 3 \| Long-dated equity volatilities \| Maximum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.78
Recurring \| Level 3 \| Long-dated equity volatilities \| Weighted Average \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.36
Recurring \| Level 3 \| Natural gas forward price \| Minimum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt \| $ / MMBTU	3	2
Recurring \| Level 3 \| Natural gas forward price \| Maximum \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt \| $ / MMBTU	13	8
Recurring \| Level 3 \| Natural gas forward price \| Weighted Average \| Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt \| $ / MMBTU	9	4
Recurring \| Level 3 \| Credit derivatives
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (44)	$ (104)
Recurring \| Level 3 \| Credit derivatives \| Prepayment speed \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.15	0.15
Recurring \| Level 3 \| Credit derivatives \| Default rate \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring \| Level 3 \| Credit derivatives \| Price \| Minimum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) \| $ / security	0	0
Recurring \| Level 3 \| Credit derivatives \| Price \| Maximum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) \| $ / security	151	120
Recurring \| Level 3 \| Credit derivatives \| Price \| Weighted Average \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) \| $ / security	63	53
Recurring \| Level 3 \| Credit derivatives \| Credit spreads \| Minimum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0003	0.0007
Recurring \| Level 3 \| Credit derivatives \| Credit spreads \| Maximum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0063	0.0155
Recurring \| Level 3 \| Credit derivatives \| Credit spreads \| Weighted Average \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0022	0.0061
Recurring \| Level 3 \| Credit derivatives \| Upfront points \| Minimum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0.0016
Recurring \| Level 3 \| Credit derivatives \| Upfront points \| Maximum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0100	0.0100
Recurring \| Level 3 \| Credit derivatives \| Upfront points \| Weighted Average \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0083	0.0068
Recurring \| Level 3 \| Credit derivatives \| Credit correlation \| Minimum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.18	0.20
Recurring \| Level 3 \| Credit derivatives \| Credit correlation \| Maximum \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.53	0.60
Recurring \| Level 3 \| Credit derivatives \| Credit correlation \| Weighted Average \| Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.44	0.55
Recurring \| Level 3 \| Equity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (1,534)	$ (1,710)
Recurring \| Level 3 \| Equity contracts \| Equity correlation \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0.03
Recurring \| Level 3 \| Equity contracts \| Equity correlation \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1	1
Recurring \| Level 3 \| Equity contracts \| Equity correlation \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.73	0.80
Recurring \| Level 3 \| Equity contracts \| Long-dated equity volatilities \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.04	0.05
Recurring \| Level 3 \| Equity contracts \| Long-dated equity volatilities \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1.01	0.78
Recurring \| Level 3 \| Equity contracts \| Long-dated equity volatilities \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.44	0.36
Recurring \| Level 3 \| Commodity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (291)	$ (976)
Recurring \| Level 3 \| Commodity contracts \| Natural gas forward price \| Minimum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) \| $ / MMBTU	3	2
Recurring \| Level 3 \| Commodity contracts \| Natural gas forward price \| Maximum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) \| $ / MMBTU	13	8
Recurring \| Level 3 \| Commodity contracts \| Natural gas forward price \| Weighted Average \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) \| $ / MMBTU	8	4
Recurring \| Level 3 \| Commodity contracts \| Correlation \| Minimum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.65
Recurring \| Level 3 \| Commodity contracts \| Correlation \| Maximum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.85
Recurring \| Level 3 \| Commodity contracts \| Correlation \| Weighted Average \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.76
Recurring \| Level 3 \| Commodity contracts \| Power forward price \| Minimum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	9	11
Recurring \| Level 3 \| Commodity contracts \| Power forward price \| Maximum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	123	103
Recurring \| Level 3 \| Commodity contracts \| Power forward price \| Weighted Average \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	43	32
Recurring \| Level 3 \| Commodity contracts \| Volatilities \| Minimum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.41
Recurring \| Level 3 \| Commodity contracts \| Volatilities \| Maximum \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.69
Recurring \| Level 3 \| Commodity contracts \| Volatilities \| Weighted Average \| Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		0.63
Recurring \| Level 3 \| Interest rate contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (1,024)	$ 128
Recurring \| Level 3 \| Interest rate contracts \| Correlation (IR/IR) \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.35)	(0.01)
Recurring \| Level 3 \| Interest rate contracts \| Correlation (IR/IR) \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.89	0.90
Recurring \| Level 3 \| Interest rate contracts \| Correlation (IR/IR) \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.67	0.54
Recurring \| Level 3 \| Interest rate contracts \| Correlation (FX/IR) \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.11	(0.01)
Recurring \| Level 3 \| Interest rate contracts \| Correlation (FX/IR) \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.58	0.58
Recurring \| Level 3 \| Interest rate contracts \| Correlation (FX/IR) \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.43	0.44
Recurring \| Level 3 \| Interest rate contracts \| Long-dated inflation rates \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	(0.10)
Recurring \| Level 3 \| Interest rate contracts \| Long-dated inflation rates \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.39	0.11
Recurring \| Level 3 \| Interest rate contracts \| Long-dated inflation rates \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.01	0.03
Recurring \| Level 3 \| Interest rate contracts \| Long-dated inflation volatilities \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring \| Level 3 \| Interest rate contracts \| Long-dated inflation volatilities \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.05	0.02
Recurring \| Level 3 \| Interest rate contracts \| Long-dated inflation volatilities \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring \| Level 3 \| Interest rate contracts \| Interest rate volatilities \| Minimum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring \| Level 3 \| Interest rate contracts \| Interest rate volatilities \| Maximum \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring \| Level 3 \| Interest rate contracts \| Interest rate volatilities \| Weighted Average \| Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.01	0.01
Recurring \| Level 3 \| Mortgage trading loans, MBS and ABS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	$ 338	$ 338
Instruments backed by commercial real estate assets	66	77
Commercial loans, debt securities and other	1,148	1,112
Fair Value Inputs [Abstract]
Loans and securities, fair value	1,600	1,500
Recurring \| Level 3 \| Loans and leases
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	137	373
Commercial loans, debt securities and other	116	375
Fair Value Inputs [Abstract]
Loans and securities, fair value	253	748
Recurring \| Level 3 \| AFS securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	258	316
Fair Value Inputs [Abstract]
Loans and securities, fair value	504	439
Recurring \| Level 3 \| Other debt securities carried at fair value – Non-agency residential
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	119	242
Fair Value Inputs [Abstract]
Loans and securities, fair value	119	242
Recurring \| Level 3 \| Corporate securities, trading loans and other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets	292	138
Commercial loans, debt securities and other	2,092	1,972
Fair Value Inputs [Abstract]
Loans and securities, fair value	2,400	2,100
Recurring \| Level 3 \| Non-U.S. and other taxable securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets		71
Commercial loans, debt securities and other	195
Recurring \| Level 3 \| Loans held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets	4	12
Commercial loans, debt securities and other	228	305
Fair Value Inputs [Abstract]
Loans and securities, fair value	232	317
Recurring \| Level 3 \| Non-U.S. sovereign debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	518	396
Fair Value Inputs [Abstract]
Loans and securities, fair value	518	396
Recurring \| Level 3 \| Tax-exempt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	51	52
Recurring \| Level 3 \| Other assets, primarily auction rate securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	779	754
Recurring \| Level 3 \| Other Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 1,800	$ 1,600

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 1,115	$ 4,455
Loans and leases	5,771	7,819
Other assets	9,594	12,144
Nonrecurring
Gains (Losses)
Loans held-for-sale	(387)	(44)	$ (79)
Loans and leases	(48)	(60)	(73)
Foreclosed properties	(6)	(2)	(6)
Other assets	(91)	(492)	(98)
Loss on loans and leases written down to zero	15	24	$ 30
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	60	52
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	1,979	634
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	88	256
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	3,079	24
Loans and leases	166	213
Foreclosed properties	7	5
Other assets	$ 165	$ 2,046

Fair Value Measurements - Non_2

Fair Value Measurements - Nonrecurring Fair Value Inputs (Details) $ in Millions	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	$ 1,115	$ 4,455
Loans and leases, measured at fair value	5,771	7,819
Other assets, measured at fair value	9,594	12,144
Nonrecurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	3,079	24
Loans and leases, measured at fair value	166	213
Other assets, measured at fair value	165	2,046
Nonrecurring \| Level 3 \| Pricing model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	3,079
Nonrecurring \| Level 3 \| Market comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measured at fair value	166	213
Other assets, measured at fair value		166
Nonrecurring \| Level 3 \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measured at fair value	$ 165	$ 1,875
Implied yield \| Nonrecurring \| Level 3 \| Pricing model \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.09
Implied yield \| Nonrecurring \| Level 3 \| Pricing model \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.24
OREO discount \| Nonrecurring \| Level 3 \| Market comparables \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.10	0.13
OREO discount \| Nonrecurring \| Level 3 \| Market comparables \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.66	0.59
OREO discount \| Nonrecurring \| Level 3 \| Market comparables \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.26	0.24
Costs to sell \| Nonrecurring \| Level 3 \| Market comparables \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.08	0.08
Costs to sell \| Nonrecurring \| Level 3 \| Market comparables \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.24	0.26
Costs to sell \| Nonrecurring \| Level 3 \| Market comparables \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.09	0.09
Discount rate \| Nonrecurring \| Level 3 \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.07	0.07

Fair Value Option - Elections (

Fair Value Option - Elections (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value Carrying Amount
Assets	$ 146,999	$ 150,665
Contractual Principal Outstanding
Assets	147,158	150,677
Fair Value Carrying Amount Less Unpaid Principal
Assets	(159)	(12)
Loans reported as trading account assets
Fair Value Carrying Amount
Assets	10,143	10,864
Contractual Principal Outstanding
Assets	17,682	18,895
Fair Value Carrying Amount Less Unpaid Principal
Assets	(7,539)	(8,031)
Trading inventory – other
Fair Value Carrying Amount
Assets	20,770	21,986
Consumer and commercial loans
Fair Value Carrying Amount
Assets	5,771	7,819
Contractual Principal Outstanding
Assets	5,897	7,888
Fair Value Carrying Amount Less Unpaid Principal
Assets	(126)	(69)
Loans held-for-sale
Fair Value Carrying Amount
Assets	1,115	4,455
Contractual Principal Outstanding
Assets	1,873	5,343
Fair Value Carrying Amount Less Unpaid Principal
Assets	(758)	(888)
Other assets
Fair Value Carrying Amount
Assets	620	544
Long-term deposits
Fair Value Carrying Amount
Liabilities	311	408
Contractual Principal Outstanding
Liabilities	381	401
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(70)	7
Federal funds purchased and securities loaned or sold under agreements to repurchase
Fair Value Carrying Amount
Liabilities	151,708	139,641
Contractual Principal Outstanding
Liabilities	151,885	139,682
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(177)	(41)
Short-term borrowings
Fair Value Carrying Amount
Liabilities	832	4,279
Contractual Principal Outstanding
Liabilities	833	4,127
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(1)	152
Unfunded loan commitments
Fair Value Carrying Amount
Liabilities	110	97
Accrued expenses and other liabilities
Fair Value Carrying Amount
Liabilities	1,217	0
Contractual Principal Outstanding
Liabilities	1,161	0
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	56	0
Long-term debt
Fair Value Carrying Amount
Liabilities	33,070	29,708
Contractual Principal Outstanding
Liabilities	36,830	30,903
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	$ (3,760)	$ (1,195)

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Related to Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ 3,363	$ 473	$ 995
Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(164)	275	107
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(950)	128	(172)
Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(1,159)	(211)	3,216
Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(85)	118	19
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(51)	7	(19)
Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(304)	58	103
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(23)	28	(105)
Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	639		(170)
Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	8	883	(65)
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	8	(1)	(65)
Accrued expenses and other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	11
Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	4,313	(645)	(2,228)
Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	104	(5)	13
Market making and similar activities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	3,702	439	1,035
Market making and similar activities \| Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(164)	275	107
Market making and similar activities \| Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(1,159)	(211)	3,216
Market making and similar activities \| Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(58)	78	22
Market making and similar activities \| Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0
Market making and similar activities \| Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	639		(170)
Market making and similar activities \| Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	883	0
Market making and similar activities \| Accrued expenses and other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	11
Market making and similar activities \| Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	4,359	(604)	(2,175)
Market making and similar activities \| Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	74	18	35
Other Income
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(339)	34	(40)
Other Income \| Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0
Other Income \| Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0
Other Income \| Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(27)	40	(3)
Other Income \| Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(304)	58	103
Other Income \| Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0		0
Other Income \| Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	8	0	(65)
Other Income \| Accrued expenses and other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0
Other Income \| Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(46)	(41)	(53)
Other Income \| Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ 30	$ (23)	$ (22)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Financial assets
Loans held-for-sale	$ 1,115,000,000	$ 4,455,000,000
Financial liabilities
Long-term debt	33,070,000,000	29,708,000,000
Demand deposits	918,900,000,000	1,000,000,000,000
Stated maturities	0	0
Carrying Value
Financial assets
Loans	1,014,593,000,000	946,142,000,000
Loans held-for-sale	6,871,000,000	15,635,000,000
Financial liabilities
Deposits	1,930,341,000,000	2,064,446,000,000
Long-term debt	275,982,000,000	280,117,000,000
Commercial unfunded lending commitments	1,650,000,000	1,554,000,000
Estimate of Fair Value Measurement
Financial assets
Loans	985,476,000,000	973,524,000,000
Loans held-for-sale	6,872,000,000	15,643,000,000
Financial liabilities
Deposits	1,930,165,000,000	2,064,438,000,000
Long-term debt	273,129,000,000	288,090,000,000
Commercial unfunded lending commitments	6,673,000,000	6,481,000,000
Estimate of Fair Value Measurement \| Level 2
Financial assets
Loans	50,194,000,000	53,544,000,000
Loans held-for-sale	3,417,000,000	15,016,000,000
Financial liabilities
Deposits	1,930,165,000,000	2,064,438,000,000
Long-term debt	271,993,000,000	286,802,000,000
Commercial unfunded lending commitments	77,000,000	97,000,000
Estimate of Fair Value Measurement \| Level 3
Financial assets
Loans	935,282,000,000	919,980,000,000
Loans held-for-sale	3,455,000,000	627,000,000
Financial liabilities
Deposits	0	0
Long-term debt	1,136,000,000	1,288,000,000
Commercial unfunded lending commitments	$ 6,596,000,000	$ 6,384,000,000

Business Segment Information -

Business Segment Information - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2022 USD ($) businessSegment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| businessSegment			4
Noninterest expense			$ 61,438	$ 59,731	$ 55,213
Global Markets
Segment Reporting Information [Line Items]
Noninterest expense	$ 309	$ 473

Business Segment Information _2

Business Segment Information - Results of Business Segments and All Other (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net interest income			$ 52,900	$ 43,361	$ 43,859
Noninterest income			42,488	46,179	42,168
Total revenue, net of interest expense			95,388	89,540	86,027
Provision for credit losses			2,543	(4,594)	11,320
Noninterest expense			61,438	59,731	55,213
Income before income taxes			31,407	34,403	19,494
Income tax expense			3,879	2,425	1,600
Net income			27,528	31,978	17,894
Year-end total assets			3,051,375	3,169,495
Global Markets
Segment Reporting Information [Line Items]
Noninterest expense	$ 309	$ 473
Operating Segments
Segment Reporting Information [Line Items]
Total revenue, net of interest expense			100,750	94,883	89,598
Net income			29,180	30,589	18,293
Year-end total assets			2,896,301	2,955,342
Operating Segments \| Consumer Banking
Segment Reporting Information [Line Items]
Net interest income			30,045	24,929	24,698
Noninterest income			8,590	9,076	8,564
Total revenue, net of interest expense			38,635	34,005	33,262
Provision for credit losses			1,980	(1,035)	5,765
Noninterest expense			20,077	19,290	18,882
Income before income taxes			16,578	15,750	8,615
Income tax expense			4,062	3,859	2,111
Net income			12,516	11,891	6,504
Year-end total assets			1,126,453	1,131,142
Operating Segments \| Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Net interest income			7,466	5,664	5,468
Noninterest income			14,282	15,084	13,116
Total revenue, net of interest expense			21,748	20,748	18,584
Provision for credit losses			66	(241)	357
Noninterest expense			15,490	15,258	14,160
Income before income taxes			6,192	5,731	4,067
Income tax expense			1,517	1,404	996
Net income			4,675	4,327	3,071
Year-end total assets			368,893	438,275
Operating Segments \| Global Banking
Segment Reporting Information [Line Items]
Net interest income			12,184	8,511	9,013
Noninterest income			10,045	12,364	9,974
Total revenue, net of interest expense			22,229	20,875	18,987
Provision for credit losses			641	(3,201)	4,897
Noninterest expense			10,966	10,632	9,342
Income before income taxes			10,622	13,444	4,748
Income tax expense			2,815	3,630	1,282
Net income			7,807	9,814	3,466
Year-end total assets			588,466	638,131
Operating Segments \| Global Markets
Segment Reporting Information [Line Items]
Net interest income			3,088	4,011	4,646
Noninterest income			15,050	15,244	14,119
Total revenue, net of interest expense			18,138	19,255	18,765
Provision for credit losses			28	65	251
Noninterest expense			12,420	13,032	11,417
Income before income taxes			5,690	6,158	7,097
Income tax expense			1,508	1,601	1,845
Net income			4,182	4,557	5,252
Year-end total assets			812,489	747,794
All Other
Segment Reporting Information [Line Items]
Net interest income			117	246	34
Noninterest income			(5,479)	(5,589)	(3,605)
Total revenue, net of interest expense			(5,362)	(5,343)	(3,571)
Provision for credit losses			(172)	(182)	50
Noninterest expense			2,485	1,519	1,412
Income before income taxes			(7,675)	(6,680)	(5,033)
Income tax expense			(6,023)	(8,069)	(4,634)
Net income			(1,652)	1,389	(399)
Year-end total assets			$ 155,074	$ 214,153

Business Segment Information _3

Business Segment Information - Noninterest Income by Business Segment and All Other (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total fees and commissions	$ 33,212	$ 39,299	$ 34,551
Market making and similar activities	12,075	8,691	8,355
Other income (loss)	(2,799)	(1,811)	(738)
Total noninterest income	42,488	46,179	42,168
Card income
Segment Reporting Information [Line Items]
Card income and service charges	6,083	6,218	5,656
Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	4,096	4,560	3,954
Other card income
Segment Reporting Information [Line Items]
Card income and service charges	1,987	1,658	1,702
Service charges
Segment Reporting Information [Line Items]
Card income and service charges	6,405	7,504	7,141
Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	5,190	6,271	5,991
Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1,215	1,233	1,150
Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	15,901	16,690	14,574
Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	12,152	12,729	10,708
Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	3,749	3,961	3,866
Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	4,823	8,887	7,180
Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	1,970	5,077	4,698
Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	1,070	1,499	861
Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	1,783	2,311	1,621
Operating Segments \| Consumer Banking
Segment Reporting Information [Line Items]
Total fees and commissions	8,179	9,030	8,363
Market making and similar activities	10	1	2
Other income (loss)	401	45	199
Total noninterest income	8,590	9,076	8,564
Operating Segments \| Consumer Banking \| Card income
Segment Reporting Information [Line Items]
Card income and service charges	5,169	5,172	4,673
Operating Segments \| Consumer Banking \| Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	3,239	3,597	3,027
Operating Segments \| Consumer Banking \| Other card income
Segment Reporting Information [Line Items]
Card income and service charges	1,930	1,575	1,646
Operating Segments \| Consumer Banking \| Service charges
Segment Reporting Information [Line Items]
Card income and service charges	2,706	3,538	3,417
Operating Segments \| Consumer Banking \| Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	2,706	3,538	3,417
Operating Segments \| Consumer Banking \| Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0
Operating Segments \| Consumer Banking \| Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	304	320	273
Operating Segments \| Consumer Banking \| Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	195	188	146
Operating Segments \| Consumer Banking \| Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	109	132	127
Operating Segments \| Consumer Banking \| Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments \| Consumer Banking \| Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments \| Consumer Banking \| Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments \| Consumer Banking \| Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments \| Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Total fees and commissions	13,893	14,857	12,806
Market making and similar activities	102	40	63
Other income (loss)	287	187	247
Total noninterest income	14,282	15,084	13,116
Operating Segments \| Global Wealth & Investment Management \| Card income
Segment Reporting Information [Line Items]
Card income and service charges	70	85	78
Operating Segments \| Global Wealth & Investment Management \| Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	20	43	36
Operating Segments \| Global Wealth & Investment Management \| Other card income
Segment Reporting Information [Line Items]
Card income and service charges	50	42	42
Operating Segments \| Global Wealth & Investment Management \| Service charges
Segment Reporting Information [Line Items]
Card income and service charges	73	72	67
Operating Segments \| Global Wealth & Investment Management \| Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	65	72	67
Operating Segments \| Global Wealth & Investment Management \| Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	8	0	0
Operating Segments \| Global Wealth & Investment Management \| Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	13,561	14,312	12,270
Operating Segments \| Global Wealth & Investment Management \| Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	11,957	12,541	10,578
Operating Segments \| Global Wealth & Investment Management \| Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	1,604	1,771	1,692
Operating Segments \| Global Wealth & Investment Management \| Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	189	388	391
Operating Segments \| Global Wealth & Investment Management \| Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	189	388	391
Operating Segments \| Global Wealth & Investment Management \| Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments \| Global Wealth & Investment Management \| Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments \| Global Banking
Segment Reporting Information [Line Items]
Total fees and commissions	7,113	9,447	7,835
Market making and similar activities	215	145	103
Other income (loss)	2,717	2,772	2,036
Total noninterest income	10,045	12,364	9,974
Operating Segments \| Global Banking \| Card income
Segment Reporting Information [Line Items]
Card income and service charges	774	713	513
Operating Segments \| Global Banking \| Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	767	700	499
Operating Segments \| Global Banking \| Other card income
Segment Reporting Information [Line Items]
Card income and service charges	7	13	14
Operating Segments \| Global Banking \| Service charges
Segment Reporting Information [Line Items]
Card income and service charges	3,293	3,523	3,238
Operating Segments \| Global Banking \| Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	2,310	2,508	2,298
Operating Segments \| Global Banking \| Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	983	1,015	940
Operating Segments \| Global Banking \| Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	42	104	74
Operating Segments \| Global Banking \| Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0
Operating Segments \| Global Banking \| Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	42	104	74
Operating Segments \| Global Banking \| Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	3,004	5,107	4,010
Operating Segments \| Global Banking \| Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	796	2,187	2,070
Operating Segments \| Global Banking \| Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	565	781	482
Operating Segments \| Global Banking \| Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	1,643	2,139	1,458
Operating Segments \| Global Markets
Segment Reporting Information [Line Items]
Total fees and commissions	4,213	6,179	5,742
Market making and similar activities	11,406	8,760	8,471
Other income (loss)	(569)	305	(94)
Total noninterest income	15,050	15,244	14,119
Operating Segments \| Global Markets \| Card income
Segment Reporting Information [Line Items]
Card income and service charges	66	220	391
Operating Segments \| Global Markets \| Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	66	220	391
Operating Segments \| Global Markets \| Other card income
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0
Operating Segments \| Global Markets \| Service charges
Segment Reporting Information [Line Items]
Card income and service charges	325	364	387
Operating Segments \| Global Markets \| Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	101	146	177
Operating Segments \| Global Markets \| Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	224	218	210
Operating Segments \| Global Markets \| Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	2,002	1,979	1,973
Operating Segments \| Global Markets \| Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0
Operating Segments \| Global Markets \| Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	2,002	1,979	1,973
Operating Segments \| Global Markets \| Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	1,820	3,616	2,991
Operating Segments \| Global Markets \| Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	1,176	2,725	2,449
Operating Segments \| Global Markets \| Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	505	718	379
Operating Segments \| Global Markets \| Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	139	173	163
All Other
Segment Reporting Information [Line Items]
Total fees and commissions	(186)	(214)	(195)
Market making and similar activities	342	(255)	(284)
Other income (loss)	(5,635)	(5,120)	(3,126)
Total noninterest income	(5,479)	(5,589)	(3,605)
All Other \| Card income
Segment Reporting Information [Line Items]
Card income and service charges	4	28	1
All Other \| Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	4	0	1
All Other \| Other card income
Segment Reporting Information [Line Items]
Card income and service charges	0	28	0
All Other \| Service charges
Segment Reporting Information [Line Items]
Card income and service charges	8	7	32
All Other \| Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	8	7	32
All Other \| Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0
All Other \| Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	(8)	(25)	(16)
All Other \| Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	(16)
All Other \| Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	(8)	(25)	0
All Other \| Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	(190)	(224)	(212)
All Other \| Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	(191)	(223)	(212)
All Other \| Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
All Other \| Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	$ 1	$ (1)	$ 0

Business Segment Information _4

Business Segment Information - Business Segment Reconciliations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]
Segments’ total revenue, net of interest expense	$ 95,388	$ 89,540	$ 86,027
Total revenue, net of interest expense	94,950	89,113	85,528
Net income	27,528	31,978	17,894
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Segments’ total revenue, net of interest expense	100,750	94,883	89,598
Total revenue, net of interest expense			85,528
Net income	29,180	30,589	18,293
Asset and liability management activities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	(164)	(4)	375
Net income	(122)	11	279
Liquidating businesses, eliminations and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	(5,198)	(5,339)	(3,946)
Net income	(1,530)	1,378	(678)
FTE basis adjustment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	$ (438)	$ (427)	$ (499)

Business Segment Information _5

Business Segment Information - Segments' Total Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segments’ total assets
Total assets	$ 3,051,375	$ 3,169,495
Operating Segments
Segments’ total assets
Total assets	2,896,301	2,955,342
Asset and liability management activities
Segments’ total assets
Total assets	1,133,375	1,363,626
Other
Segments’ total assets
Total assets	63,492	67,418
Elimination of segment asset allocations to match liabilities
Segments’ total assets
Total assets	$ (1,041,793)	$ (1,216,891)

Parent Company Information - In

Parent Company Information - Income Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Income Statements, Captions [Line Items]
Other income	$ (2,799)	$ (1,811)	$ (738)
Total revenue, net of interest expense	94,950	89,113	85,528
Noninterest expense	61,438	59,731	55,213
Income tax expense	3,441	1,998	1,101
Net income	27,528	31,978	17,894
Bank of America Corporation
Condensed Income Statements, Captions [Line Items]
Interest from subsidiaries	12,420	8,362	8,825
Other income	(201)	(114)	(138)
Total revenue, net of interest expense	34,469	23,869	19,039
Interest on borrowed funds from subsidiaries	236	54	136
Other interest expense	7,041	3,383	4,119
Noninterest expense	1,322	1,531	1,651
Total expense	8,599	4,968	5,906
Income before income taxes and equity in undistributed earnings of subsidiaries	25,870	18,901	13,133
Income tax expense	683	886	649
Income before equity in undistributed earnings of subsidiaries	25,187	18,015	12,484
Equity in undistributed earnings (losses) of subsidiaries:	2,341	13,963	5,410
Net income	27,528	31,978	17,894
Bank holding companies and related subsidiaries \| Bank of America Corporation
Condensed Income Statements, Captions [Line Items]
Dividends from subsidiaries:	22,250	15,621	10,352
Equity in undistributed earnings (losses) of subsidiaries:	2,333	14,078	5,372
Nonbank companies and related subsidiaries \| Bank of America Corporation
Condensed Income Statements, Captions [Line Items]
Equity in undistributed earnings (losses) of subsidiaries:	$ 8	$ (115)	$ 38

Parent Company Information - Ba

Parent Company Information - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Securities	$ 862,819	$ 982,627
Other assets	150,759	163,869
Total assets	3,051,375	3,169,495
Liabilities and shareholders’ equity
Accrued expenses and other liabilities	224,073	200,419
Total liabilities	2,778,178	2,899,429
Shareholders’ equity	273,197	270,066	$ 272,924	$ 264,810
Total liabilities and shareholders’ equity	3,051,375	3,169,495
Bank of America Corporation
Assets
Cash held at bank subsidiaries	9,609	5,011
Securities	617	671
Other assets	7,156	8,602
Total assets	546,141	552,588
Liabilities and shareholders’ equity
Accrued expenses and other liabilities	14,193	17,394
Long-term debt	243,892	253,454
Total liabilities	272,944	282,522
Shareholders’ equity	273,197	270,066
Total liabilities and shareholders’ equity	546,141	552,588
Bank of America Corporation \| Bank holding companies and related subsidiaries
Assets
Receivables from subsidiaries:	222,584	217,447
Investments in subsidiaries:	301,207	316,497
Liabilities and shareholders’ equity
Payables to subsidiaries:	21	3
Bank of America Corporation \| Banks and related subsidiaries
Assets
Receivables from subsidiaries:	220	347
Liabilities and shareholders’ equity
Payables to subsidiaries:	260	107
Bank of America Corporation \| Nonbank companies and related subsidiaries
Assets
Receivables from subsidiaries:	978	368
Investments in subsidiaries:	3,770	3,645
Liabilities and shareholders’ equity
Payables to subsidiaries:	$ 14,578	$ 11,564

Parent Company Information - St

Parent Company Information - Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Cash Flow Statements, Captions [Line Items]
Net income	$ 27,528	$ 31,978	$ 17,894
Operating activities
Other operating activities, net	1,222	4,651	3,886
Net cash provided by (used in) operating activities	(6,327)	(7,193)	37,993
Investing activities
Other investing activities, net	(4,612)	(3,479)	(3,489)
Net cash used in investing activities	(2,529)	(313,291)	(177,665)
Financing activities
Proceeds from issuance of long-term debt	65,910	76,675	57,013
Retirement of long-term debt	(34,055)	(46,826)	(47,948)
Proceeds from issuance of preferred stock and warrants	4,426	2,169	2,181
Common stock repurchased	(5,073)	(25,126)	(7,025)
Cash dividends paid	(8,576)	(8,055)	(7,727)
Net cash provided by (used in) financing activities	(106,039)	291,650	355,819
Net increase (decrease) in cash and cash equivalents	(118,018)	(32,242)	218,903
Cash and cash equivalents at January 1	348,221	380,463	161,560
Cash and cash equivalents at December 31	230,203	348,221	380,463
Bank of America Corporation
Condensed Cash Flow Statements, Captions [Line Items]
Net income	27,528	31,978	17,894
Operating activities
Equity in undistributed (earnings) losses of subsidiaries	(2,341)	(13,963)	(5,410)
Other operating activities, net	(31,777)	(7,144)	14,303
Net cash provided by (used in) operating activities	(6,590)	10,871	26,787
Investing activities
Net sales (purchases) of securities	25	(14)	(4)
Net payments to subsidiaries	(6,044)	(10,796)	(33,111)
Other investing activities, net	(34)	(26)	(7)
Net cash used in investing activities	(6,053)	(10,836)	(33,122)
Financing activities
Net increase (decrease) in other advances	2,853	503	(422)
Proceeds from issuance of long-term debt	44,123	56,106	43,766
Retirement of long-term debt	(19,858)	(24,544)	(23,168)
Proceeds from issuance of preferred stock and warrants	4,426	2,170	2,181
Redemption of preferred stock	(654)	(1,971)	(1,072)
Common stock repurchased	(5,073)	(25,126)	(7,025)
Cash dividends paid	(8,576)	(8,055)	(7,727)
Net cash provided by (used in) financing activities	17,241	(917)	6,533
Net increase (decrease) in cash and cash equivalents	4,598	(882)	198
Cash and cash equivalents at January 1	5,011	5,893	5,695
Cash and cash equivalents at December 31	$ 9,609	$ 5,011	$ 5,893

Performance by Geographical A_3

Performance by Geographical Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 3,051,375	$ 3,169,495
Total revenue, net of interest expense	94,950	89,113	85,528
Income Before Income Taxes	30,969	33,976	18,995
Net income	27,528	31,978	17,894
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	2,631,815	2,789,862
Total revenue, net of interest expense	82,890	78,012	75,576
Income Before Income Taxes	28,135	31,392	18,247
Net income	25,607	27,781	16,692
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	127,399	117,085
Total revenue, net of interest expense	4,597	4,439	4,232
Income Before Income Taxes	1,144	988	1,051
Net income	865	733	788
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	262,856	233,356
Total revenue, net of interest expense	6,044	5,423	4,491
Income Before Income Taxes	1,121	1,097	(596)
Net income	689	3,134	264
Latin America and the Caribbean
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	29,305	29,192
Total revenue, net of interest expense	1,419	1,239	1,229
Income Before Income Taxes	569	499	293
Net income	367	330	150
Non-U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	419,560	379,633
Total revenue, net of interest expense	12,060	11,101	9,952
Income Before Income Taxes	2,834	2,584	748
Net income	$ 1,921	$ 4,197	$ 1,202

Uncategorized Items - bac-20221

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]