v3.26.1
Contingent Liabilities and Guarantees (Tables)
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guarantees The following table shows the types of guarantees that we had outstanding at March 31, 2026. Information pertaining to the basis for determining the liabilities recorded in connection with these guarantees is included in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Contingencies and Guarantees” beginning on page 115 of our 2025 Form 10-K.
March 31, 2026Maximum Potential Undiscounted Future PaymentsLiability Recorded
Dollars in millions
Financial guarantees:
Standby letters of credit$7,112 $78 
Recourse agreement with FNMA8,240 59 
Residential mortgage reserve3,438 8 
Written options (a)
3,882 27 
Total$22,672 $172 
(a)The maximum potential undiscounted future payments represent notional amounts of derivatives qualifying as guarantees.