DERIVATIVES - Credit Derivatives (Details) $ in Millions	6 Months Ended
Jun. 30, 2025 USD ($) agency	Dec. 31, 2024 USD ($)
Credit Risk Derivatives
Fair values, receivable	$ 9,987	$ 8,715
Fair values, payable	9,509	7,253
Notionals, protection purchased	601,645	531,429
Notionals, protection sold	502,959	439,146
Fair value of derivative in liability position	13,000	15,000
Fair value of collateral already posted	$ 10,000	13,000
Number of rating agencies \| agency	3
Additional collateral to be posted	$ 200
Collateral to be segregated	1
Aggregate cash obligations and collateral requirements	200
Fair value gross derivative assets	385,343	334,900
Purchased
Credit Risk Derivatives
Fair values, receivable	3,890	3,864
Fair values, payable	7,684	5,403
Sold
Credit Risk Derivatives
Fair values, receivable	6,097	4,851
Fair values, payable	1,825	1,850
Within 1 year
Credit Risk Derivatives
Fair values, receivable	1,188	1,606
Fair values, payable	1,546	1,166
Notionals, protection purchased	155,348	140,541
Notionals, protection sold	137,149	118,885
From 1 to 5 years
Credit Risk Derivatives
Fair values, receivable	7,002	5,625
Fair values, payable	6,558	4,906
Notionals, protection purchased	387,961	342,608
Notionals, protection sold	336,282	295,503
After 5 years
Credit Risk Derivatives
Fair values, receivable	1,797	1,484
Fair values, payable	1,405	1,181
Notionals, protection purchased	58,336	48,280
Notionals, protection sold	29,528	24,758
Investment grade
Credit Risk Derivatives
Fair values, receivable	5,214	4,578
Fair values, payable	4,549	3,450
Notionals, protection purchased	457,412	405,271
Notionals, protection sold	406,280	350,124
Non-investment grade
Credit Risk Derivatives
Fair values, receivable	4,773	4,137
Fair values, payable	4,960	3,803
Notionals, protection purchased	144,233	126,158
Notionals, protection sold	96,679	89,022
Credit default swaps and options
Credit Risk Derivatives
Fair values, receivable	7,920	6,765
Fair values, payable	7,936	6,545
Notionals, protection purchased	541,514	486,901
Notionals, protection sold	489,116	431,005
Total return swaps and other
Credit Risk Derivatives
Fair values, receivable	2,067	1,950
Fair values, payable	1,573	708
Notionals, protection purchased	60,131	44,528
Notionals, protection sold	13,843	8,141
Interest rate swaps
Credit Risk Derivatives
Cash proceeds received for assets derecognized	4,900	6,200
Fair value of derecognized assets	4,600	5,800
Fair value gross derivative assets	119	179
Trading derivatives, liability	$ 26	$ 29

The aggregate fair value of additional assets that would be required to be posted as collateral for derivative instruments with credit-risk-related contingent features and a portion amount of the collateral which previously received from existing derivative counterparties would be required to segregate with third party custodians if the credit-risk-related contingent features were triggered at the end of the reporting period.

No definition available.