v3.26.1
DERIVATIVES - Credit Derivatives (Details)
$ in Millions
3 Months Ended
Mar. 31, 2026
USD ($)
agency
Dec. 31, 2025
USD ($)
Credit Risk Derivatives    
Fair values, receivable $ 10,099.0 $ 9,723.0
Fair values, payable 9,981.0 11,232.0
Notionals, protection purchased 633,473.0 600,329.0
Notionals, protection sold 525,652.0 475,228.0
Fair value of derivative in liability position 15,000.0 16,000.0
Fair value of collateral already posted $ 13,000.0 13,000.0
Number of rating agencies | agency 3  
Additional collateral to be posted $ 200.0  
Aggregate cash obligations and collateral requirements 200.0  
Fair value gross derivative assets 406,175.0 406,408.0
Purchased    
Credit Risk Derivatives    
Fair values, receivable 5,079.0 3,899.0
Fair values, payable 7,341.0 9,275.0
Sold    
Credit Risk Derivatives    
Fair values, receivable 5,020.0 5,824.0
Fair values, payable 2,640.0 1,957.0
Within 1 year    
Credit Risk Derivatives    
Fair values, receivable 1,638.0 1,366.0
Fair values, payable 1,832.0 2,817.0
Notionals, protection purchased 177,750.0 173,546.0
Notionals, protection sold 159,228.0 135,335.0
From 1 to 5 years    
Credit Risk Derivatives    
Fair values, receivable 5,821.0 6,495.0
Fair values, payable 5,976.0 6,469.0
Notionals, protection purchased 354,827.0 360,174.0
Notionals, protection sold 284,344.0 311,311.0
After 5 years    
Credit Risk Derivatives    
Fair values, receivable 2,640.0 1,862.0
Fair values, payable 2,173.0 1,946.0
Notionals, protection purchased 100,896.0 66,609.0
Notionals, protection sold 82,080.0 28,582.0
Investment grade    
Credit Risk Derivatives    
Fair values, receivable 4,499.0 4,673.0
Fair values, payable 4,164.0 4,701.0
Notionals, protection purchased 430,492.0 451,504.0
Notionals, protection sold 370,606.0 382,219.0
Non-investment grade    
Credit Risk Derivatives    
Fair values, receivable 5,600.0 5,050.0
Fair values, payable 5,817.0 6,531.0
Notionals, protection purchased 202,981.0 148,825.0
Notionals, protection sold 155,046.0 93,009.0
Credit default swaps and options    
Credit Risk Derivatives    
Fair values, receivable 7,583.0 7,691.0
Fair values, payable 7,541.0 8,008.0
Notionals, protection purchased 562,188.0 529,748.0
Notionals, protection sold 508,942.0 457,932.0
Total return swaps and other    
Credit Risk Derivatives    
Fair values, receivable 2,516.0 2,032.0
Fair values, payable 2,440.0 3,224.0
Notionals, protection purchased 71,285.0 70,581.0
Notionals, protection sold 16,710.0 17,296.0
Interest rate swaps    
Credit Risk Derivatives    
Cash proceeds received for assets derecognized 3,200.0 8,200.0
Fair value of derecognized assets 3,100.0 8,000.0
Fair value gross derivative assets 6.0 103.0
Trading derivatives, liability $ 90.0 $ 69.0