v3.26.1
DERIVATIVES - Credit Derivatives (Details)
$ in Millions
6 Months Ended
Jun. 30, 2026
USD ($)
agency
Dec. 31, 2025
USD ($)
Credit Risk Derivatives    
Fair values, receivable $ 9,983.0 $ 9,723.0
Fair values, payable 9,955.0 11,232.0
Notionals, protection purchased 624,478.0 600,329.0
Notionals, protection sold 502,462.0 475,228.0
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  
Fair value gross derivative assets 442,830.0 406,408.0
Purchased    
Credit Risk Derivatives    
Fair values, receivable 3,792.0 3,899.0
Fair values, payable 8,192.0 9,275.0
Sold    
Credit Risk Derivatives    
Fair values, receivable 6,191.0 5,824.0
Fair values, payable 1,763.0 1,957.0
Within 1 year    
Credit Risk Derivatives    
Fair values, receivable 1,257.0 1,366.0
Fair values, payable 1,448.0 2,817.0
Notionals, protection purchased 179,987.0 173,546.0
Notionals, protection sold 145,852.0 135,335.0
From 1 to 5 years    
Credit Risk Derivatives    
Fair values, receivable 6,908.0 6,495.0
Fair values, payable 6,718.0 6,469.0
Notionals, protection purchased 374,537.0 360,174.0
Notionals, protection sold 326,731.0 311,311.0
After 5 years    
Credit Risk Derivatives    
Fair values, receivable 1,818.0 1,862.0
Fair values, payable 1,789.0 1,946.0
Notionals, protection purchased 69,954.0 66,609.0
Notionals, protection sold 29,879.0 28,582.0
Investment grade    
Credit Risk Derivatives    
Fair values, receivable 4,756.0 4,673.0
Fair values, payable 4,495.0 4,701.0
Notionals, protection purchased 446,210.0 451,504.0
Notionals, protection sold 391,477.0 382,219.0
Non-investment grade    
Credit Risk Derivatives    
Fair values, receivable 5,227.0 5,050.0
Fair values, payable 5,460.0 6,531.0
Notionals, protection purchased 178,268.0 148,825.0
Notionals, protection sold 110,985.0 93,009.0
Credit default swaps and options    
Credit Risk Derivatives    
Fair values, receivable 7,915.0 7,691.0
Fair values, payable 8,083.0 8,008.0
Notionals, protection purchased 546,964.0 529,748.0
Notionals, protection sold 484,656.0 457,932.0
Total return swaps and other    
Credit Risk Derivatives    
Fair values, receivable 2,068.0 2,032.0
Fair values, payable 1,872.0 3,224.0
Notionals, protection purchased 77,514.0 70,581.0
Notionals, protection sold 17,806.0 17,296.0
Interest rate swaps    
Credit Risk Derivatives    
Cash proceeds received for assets derecognized 4,800.0 8,200.0
Fair value of derecognized assets 4,900.0 8,000.0
Fair value gross derivative assets 86.0 103.0
Trading derivatives, liability $ 23.0 $ 69.0