v3.26.1
FAIR VALUE MEASUREMENTS - Schedule of Fair Value Measurements (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets            
Debt securities available for sale [1] $ 37,448   $ 35,697      
Loans held for sale at fair value 1,069   1,065      
Mortgage servicing rights 1,482   1,455      
Derivative assets 1,578   1,532      
Equity securities, at fair value 316   251      
Short-term investments 438   72      
Total assets 42,331   40,072      
Liabilities            
Total derivative liabilities 1,539   1,258      
Short-term borrowed funds 461   52      
Other liabilities 65   157      
Total liabilities 2,065   1,467      
Equity securities excluded from investments 386   317      
Mortgage-backed securities            
Assets            
Debt securities available for sale 32,976   32,484      
Collateralized loan obligations            
Assets            
Debt securities available for sale 40   89      
State and political subdivisions            
Assets            
Debt securities available for sale 1   1      
U.S. Treasury and other            
Assets            
Debt securities available for sale 4,431   3,123      
Residential loans held for sale            
Assets            
Loans held for sale at fair value 920   895      
Commercial loans held for sale            
Assets            
Loans held for sale at fair value 149   170      
Mortgage servicing rights            
Assets            
Mortgage servicing rights 1,482 $ 1,462 1,455 $ 1,426 $ 1,397 $ 1,491
Interest rate contracts            
Assets            
Derivative assets 329   553      
Liabilities            
Total derivative liabilities 567   471      
Foreign exchange contracts            
Assets            
Derivative assets 578   510      
Liabilities            
Total derivative liabilities 368   373      
Commodities contracts            
Assets            
Derivative assets 629   458      
Liabilities            
Total derivative liabilities 585   405      
TBA contracts            
Assets            
Derivative assets 13   2      
Liabilities            
Total derivative liabilities 16   6      
Other contracts            
Assets            
Derivative assets 29   9      
Liabilities            
Total derivative liabilities 3   3      
Level 1            
Assets            
Debt securities available for sale 4,431   3,123      
Loans held for sale at fair value 0   0      
Derivative assets 0   0      
Equity securities, at fair value 316   251      
Short-term investments 417   40      
Total assets 5,164   3,414      
Liabilities            
Total derivative liabilities 0   0      
Short-term borrowed funds 460   40      
Other liabilities 0   0      
Total liabilities 460   40      
Level 1 | Mortgage-backed securities            
Assets            
Debt securities available for sale 0   0      
Level 1 | Collateralized loan obligations            
Assets            
Debt securities available for sale 0   0      
Level 1 | State and political subdivisions            
Assets            
Debt securities available for sale 0   0      
Level 1 | U.S. Treasury and other            
Assets            
Debt securities available for sale 4,431   3,123      
Level 1 | Residential loans held for sale            
Assets            
Loans held for sale at fair value 0   0      
Level 1 | Commercial loans held for sale            
Assets            
Loans held for sale at fair value 0   0      
Level 1 | Mortgage servicing rights            
Assets            
Mortgage servicing rights 0   0      
Level 1 | Interest rate contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 1 | Foreign exchange contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 1 | Commodities contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 1 | TBA contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 1 | Other contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 2            
Assets            
Debt securities available for sale 33,017   32,574      
Loans held for sale at fair value 1,069   1,065      
Derivative assets 1,569   1,524      
Equity securities, at fair value 0   0      
Short-term investments 21   32      
Total assets 35,676   35,195      
Liabilities            
Total derivative liabilities 1,537   1,255      
Short-term borrowed funds 1   12      
Other liabilities 65   157      
Total liabilities 1,603   1,424      
Level 2 | Mortgage-backed securities            
Assets            
Debt securities available for sale 32,976   32,484      
Level 2 | Collateralized loan obligations            
Assets            
Debt securities available for sale 40   89      
Level 2 | State and political subdivisions            
Assets            
Debt securities available for sale 1   1      
Level 2 | U.S. Treasury and other            
Assets            
Debt securities available for sale 0   0      
Level 2 | Residential loans held for sale            
Assets            
Loans held for sale at fair value 920   895      
Level 2 | Commercial loans held for sale            
Assets            
Loans held for sale at fair value 149   170      
Level 2 | Mortgage servicing rights            
Assets            
Mortgage servicing rights 0   0      
Level 2 | Interest rate contracts            
Assets            
Derivative assets 329   553      
Liabilities            
Total derivative liabilities 567   471      
Level 2 | Foreign exchange contracts            
Assets            
Derivative assets 578   510      
Liabilities            
Total derivative liabilities 368   373      
Level 2 | Commodities contracts            
Assets            
Derivative assets 629   458      
Liabilities            
Total derivative liabilities 585   405      
Level 2 | TBA contracts            
Assets            
Derivative assets 13   2      
Liabilities            
Total derivative liabilities 16   6      
Level 2 | Other contracts            
Assets            
Derivative assets 20   1      
Liabilities            
Total derivative liabilities 1   0      
Level 3            
Assets            
Debt securities available for sale 0   0      
Loans held for sale at fair value 0   0      
Derivative assets 9   8      
Equity securities, at fair value 0   0      
Short-term investments 0   0      
Total assets 1,491   1,463      
Liabilities            
Total derivative liabilities 2   3      
Short-term borrowed funds 0   0      
Other liabilities 0   0      
Total liabilities 2   3      
Level 3 | Mortgage-backed securities            
Assets            
Debt securities available for sale 0   0      
Level 3 | Collateralized loan obligations            
Assets            
Debt securities available for sale 0   0      
Level 3 | State and political subdivisions            
Assets            
Debt securities available for sale 0   0      
Level 3 | U.S. Treasury and other            
Assets            
Debt securities available for sale 0   0      
Level 3 | Residential loans held for sale            
Assets            
Loans held for sale at fair value 0   0      
Level 3 | Commercial loans held for sale            
Assets            
Loans held for sale at fair value 0   0      
Level 3 | Mortgage servicing rights            
Assets            
Mortgage servicing rights 1,482   1,455      
Level 3 | Interest rate contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 3 | Foreign exchange contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 3 | Commodities contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 3 | TBA contracts            
Assets            
Derivative assets 0   0      
Liabilities            
Total derivative liabilities 0   0      
Level 3 | Other contracts            
Assets            
Derivative assets 9   8      
Liabilities            
Total derivative liabilities 2   3      
Fair Value Measured at Net Asset Value Per Share            
Liabilities            
Equity securities excluded from investments 70   66      
Unfunded capital commitments $ 12   $ 14      
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.