Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME - Activity (Details)

v3.22.2
OTHER COMPREHENSIVE INCOME - Activity (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Pretax        
Other comprehensive income (loss), pretax $ (1,015) $ 50 $ (2,422) $ (269)
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit 231 (13) 553 58
After-tax        
Other comprehensive (loss) income, net of tax (784) 37 (1,869) (211)
Other comprehensive income (loss) before reclassifications (848) 23 (1,942) (234)
Net unrealized gains (losses) on net investment hedges 64 14 73 23
Period change (784) 37 (1,869) (211)
Unrealized gains and (losses) on debt securities        
After-tax        
Other comprehensive income (loss) before reclassifications (883) 68 (2,069) (155)
Net unrealized gains (losses) on net investment hedges 63 10 70 17
Period change (820) 78 (1,999) (138)
Net impact of fair value hedges on available-for-sale securities        
Pretax        
Other comprehensive income (loss), pretax 161 (6) 592 38
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit (38) 1 (137) (9)
After-tax        
Other comprehensive (loss) income, net of tax   (5)    
Other comprehensive income (loss) before reclassifications 123 (5) 455 29
Net unrealized gains (losses) on net investment hedges 0 0 0 0
Period change 123 (5) 455 29
Change in fair value related to cash flow hedges        
Pretax        
Other comprehensive income (loss), pretax (111) (42)    
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit 25 8    
After-tax        
Other comprehensive (loss) income, net of tax (86) (34) (326) (102)
Accumulated foreign currency adjustment        
Pretax        
Foreign currency translation adjustment (8)   (6) (6)
Net unrealized gains (losses) on net investment hedges 6   4  
Translation adjustments, net of hedges (2) (6) (2)  
Tax (Expense) Benefit        
Reclassification adjustment for realized net losses included in net income 0   0  
Other comprehensive income (loss), tax 0 0 0 0
After-tax        
Other comprehensive income (loss) before reclassifications (8)   (6) (6)
Net unrealized gains (losses) on net investment hedges 6   4  
Period change (2) (6) (2)  
Unrealized gains (losses) for pension and other post-retirement obligations        
Pretax        
Other comprehensive income (loss), pretax 2 3 5 6
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit (1) 1 (2) 0
After-tax        
Other comprehensive (loss) income, net of tax 1 4 3 6
Other comprehensive income (loss) before reclassifications 0 0 0 0
Net unrealized gains (losses) on net investment hedges 1 4 3 6
Period change 1 4 3 6
Net unrealized gains (losses) on net investment hedges        
Pretax        
Other comprehensive income (loss), pretax     (421) (130)
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit     95 28
After-tax        
Other comprehensive income (loss) before reclassifications (86) (34) (326) (102)
Net unrealized gains (losses) on net investment hedges 0 0 0 0
Period change (86) (34) (326) (102)
Debt Securities | Unrealized gains and (losses) on debt securities        
Pretax        
Unrealized losses on available-for-sale securities arising during the period (1,147) 88 (2,687) (199)
Reclassification adjustment for realized net losses included in net income 82 13 91 22
Other comprehensive income (loss), pretax (1,065) 101 (2,596) (177)
Tax (Expense) Benefit        
Unrealized losses on available-for-sale securities arising during the period 264 (20) 618 44
Reclassification adjustment for realized net losses included in net income (19) (3) (21) (5)
Total other comprehensive income (loss), tax (expense) benefit 245 (23) 597 39
After-tax        
Unrealized losses on available-for-sale securities arising during the period (883) 68 (2,069) (155)
Reclassification adjustment for realized net losses included in net income 63 10 70 17
Other comprehensive (loss) income, net of tax (820) $ 78 (1,999) (138)
Debt Securities | Net impact of fair value hedges on available-for-sale securities        
After-tax        
Other comprehensive (loss) income, net of tax $ 123   $ 455 $ 29