Business Segments (Tables)

The following table summarizes the impact of these changes on reported segment profit (loss) before tax, total assets and total deposits as of and for the three months ended March 31, 2024:



	As Previously Reported		After Reporting Changes
	(in millions)
Segment profit (loss) before tax during the three months ended March 31, 2024:
IWPB(1)	$	59	$	59
CIB	NR		297
CMB	193		NR
GB	75		NR
MSS	11		NR
GBM Other	18		NR
CC	(70)		(70)

Segment total assets at March 31, 2024:
IWPB(1)	$	37,255	$	37,255
CIB	NR		140,417
CMB(2)	56,195		NR
GB	10,165		NR
MSS	33,767		NR
GBM Other	40,290		NR
CC	3,889		3,889

Segment total deposits at March 31, 2024:
IWPB(1)	$	29,936	$	29,936
CIB	NR		84,347
CMB	40,214		NR
GB	41,137		NR
MSS	1,157		NR
GBM Other	1,839		NR
CC	—		—

(1)Previously referred to as WPB.

(2)Segment total assets included goodwill that was previously allocated to CMB of $358 million at March 31, 2024.

The following table summarizes the results for each segment on a Group Reporting Basis, as well as provides a reconciliation of total results under the Group Reporting Basis to U.S. GAAP consolidated totals:


	Group Reporting Basis Consolidated Amounts

	IWPB		CIB		CC		Total		Group Reporting Basis Adjust- ments(1)		Group Reporting Basis Reclassi- fications(2)		U.S. GAAP Consolidated Totals
	(in millions)


















Three Months Ended March 31, 2025
Net interest income (expense)	$	186	$	473	$	(100)	$	559	$	6	$	(39)	$	526
Other operating income	51		323		96		470		(3)		49		516
Total operating income (expense)	237		796		(4)		1,029		3		10		1,042
Expected credit losses / provision for credit losses	2		84		—		86		32		—		118
	235		712		(4)		943		(29)		10		924
Operating expenses:
Direct Costs	86		110		42		238		N/A		N/A		N/A
Indirect Costs	99		313		(10)		402		N/A		N/A		N/A
Total operating expenses	185		423		32		640		10		10		660
Profit (loss) before income tax	$	50	$	289	$	(36)	$	303	$	(39)	$	—	$	264
Balances at end of period:
Total assets	$	38,299	$	142,336	$	4,416	$	185,051	$	(12,610)	$	—	$	172,441
Total loans, net	27,234		33,906		—		61,140		(771)		2,411		62,780
Goodwill	—		358		—		358		100		—		458
Total deposits	28,046		88,647		—		116,693		(2,362)		11,393		125,724

Three Months Ended March 31, 2024
Net interest income (expense)	$	179	$	436	$	(168)	$	447	$	7	$	(28)	$	426
Other operating income	67		265		173		505		(3)		37		539
Total operating income	246		701		5		952		4		9		965
Expected credit losses / provision for credit losses	—		(7)		—		(7)		9		—		2
	246		708		5		959		(5)		9		963
Operating expenses:
Direct Costs	89		103		85		277		N/A		N/A		N/A
Indirect Costs	98		308		(10)		396		N/A		N/A		N/A
Total operating expenses	187		411		75		673		3		9		685
Profit (loss) before income tax	$	59	$	297	$	(70)	$	286	$	(8)	$	—	$	278
Balances at end of period:
Total assets	$	37,255	$	140,417	$	3,889	$	181,561	$	(14,595)	$	—	$	166,966
Total loans, net	23,955		34,037		—		57,992		(561)		1,785		59,216
Goodwill	—		358		—		358		100		—		458
Total deposits	29,936		84,347		—		114,283		(1,750)		9,520		122,053

(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis.

(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.