v3.26.1
Commitments, Contingent Liabilities and Guarantees (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Significant Commitments The following table reflects a summary of significant commitments as of:
($ in millions)March 31,
2026
December 31,
2025
Commitments to extend credit$112,467 84,405 
Letters of credit6,261 2,095 
Forward contracts related to residential mortgage loans measured at fair value1,382 1,072 
Capital commitments for private equity investments327 310 
Capital expenditures203 147 
Credit Risk Associated with Commitments
Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of:
($ in millions)March 31,
2026
December 31,
2025
Pass$109,847 82,536 
Special mention1,312 834 
Substandard1,275 991 
Doubtful33 44 
Total commitments to extend credit$112,467 84,405 
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of March 31, 2026:
($ in millions)
Less than 1 year(a)
$5,032 
1 - 5 years(a)
1,227 
Over 5 years
Total letters of credit$6,261 
(a)Includes $5 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit
Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of:
($ in millions)March 31,
2026
December 31,
2025
Pass$5,963 1,923 
Special mention140 55 
Substandard154 113 
Doubtful4 
Total letters of credit$6,261 2,095 
Visa Funding and Bancorp Cash Payments
After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa
Funding Amount
Bancorp Cash
Payment Amount
2010 - 2024$8,115 354 
Q1 2025375 15 
Q3 2025500 21 
Q4 2025500 21 
Q1 2026125