v3.25.2
Commitments, Contingent Liabilities and Guarantees (Tables)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Summary of Significant Commitments The following table reflects a summary of significant commitments as of:
($ in millions)June 30,
2025		December 31,
2024
Commitments to extend credit$82,765 80,680 
Letters of credit1,899 1,952 
Forward contracts related to residential mortgage loans measured at fair value1,050 881 
Capital commitments for private equity investments238 219 
Capital expenditures147 80 
Purchase obligations13 27 
Credit Risk Associated with Commitments
Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of:
($ in millions)June 30,
2025		December 31,
2024
Pass$81,105 78,734 
Special mention709 850 
Substandard917 1,095 
Doubtful34 1 
Total commitments to extend credit$82,765 80,680 
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of June 30, 2025:
($ in millions)
Less than 1 year(a)
$1,038 
1 - 5 years(a)
857 
Over 5 years4 
Total letters of credit$1,899 
(a)Includes $2 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and $2 that expire between 1 - 5 years.
Credit Risk Associated with Letters of Credit
Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of:
($ in millions)June 30,
2025		December 31,
2024
Pass$1,766 1,779 
Special mention16 60 
Substandard112 110 
Doubtful5 3 
Total letters of credit$1,899 1,952 
Visa Funding and Bancorp Cash Payments
After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa
Funding Amount		Bancorp Cash
Payment Amount
Q2 2010$500 20 
Q4 2010800 35 
Q2 2011400 19 
Q1 20121,565 75 
Q3 2012150 6 
Q3 2014450 18 
Q2 2018600 26 
Q3 2019300 12 
Q4 2021250 11 
Q2 2022600 25 
Q4 2022350 15 
Q2 2023500 21 
Q3 2023150 6 
Q3 20241,500 65 
Q1 2025375 15