Accounting changes and new accounting guidance (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Reconciliation of Allowance for Credit Losses

The table below presents the reconciliation of the allowance for credit losses (pre-tax).

Allowance for credit losses
(in millions)
Allowance for credit losses – Dec. 31, 2019	$	216
Impact of adopting ASU 2016-13:
Securities	7
Loans (a)	(69		)
Other	3
Total impact of adoption of ASU 2016-13	(59		)
Reclassification of credit-related reserves on accounts receivable	4
Allowance for credit losses – Jan. 1, 2020	$	161

(a)

Includes $48 million related to loans and $21 million for lending-related commitments.