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Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-term debt carrying values by contractual maturity
The following table is a summary of long-term debt carrying values (including unamortized premiums and discounts, issuance costs, valuation adjustments and fair value adjustments, where applicable) by remaining contractual maturity as of December 31, 2016.
By remaining maturity at
December 31,
(in millions, except rates)
 
2016
 
2015
 
Under 1 year

 
1-5 years

 
After 5 years

 
Total
 
Total
Parent company
 
 
 
 
 
 
 
 
 
 
Senior debt:
Fixed rate
$
12,109

 
$
57,938

 
$
58,920

 
$
128,967

 
$
117,758

 
Variable rate
11,870

 
15,497

 
7,399

 
34,766

 
44,178

 
Interest rates(a)
0.09-6.40%
 
0.17-7.25%
 
0.45-6.40%
 
0.09-7.25%
 
0.16-7.25%
Subordinated debt:
Fixed rate
$
2,096

 
$
152

 
$
14,563

 
$
16,811

 
$
16,250

 
Variable rate
864

 
372

 
9

 
1,245

 
1,047

 
Interest rates(a)
0.82-6.13%
 
1.93-8.53%
 
3.38-8.00%
 
0.82-8.53%
 
1.06-8.53%

 
Subtotal
$
26,939

 
$
73,959

 
$
80,891

 
$
181,789

 
$
179,233

Subsidiaries
 
 
 
 
 
 
 
 
 
 
Federal Home Loan Banks advances:
Fixed rate
$
5

 
$
31

 
$
143

 
$
179

 
$
191

 
Variable rate
11,340

 
57,000

 
11,000

 
79,340

 
71,390

 
Interest rates(a)
0.84-1.01%
 
0.83-1.21%
 
0.41-0.67%
 
0.41-1.21%
 
0.17-0.72%

Senior debt:
Fixed rate
$
339

 
$
3,100

 
$
4,890

 
$
8,329

 
$
5,550

 
Variable rate
4,520

 
11,860

 
2,999

 
19,379

 
20,588

 
Interest rates(a)
1.29-1.49%
 
0.00-7.50%
 
1.30-7.50%

 
0.00-7.50%
 
0.47-7.28%

Subordinated debt:
Fixed rate
$
3,562

 
$
—

 
$
322

 
$
3,884

 
$
6,580

 
Variable rate
—

 
—

 
—

 
—

 
1,150

 
Interest rates(a)
6.00
%
 
—
%
 
8.25%
 
6.00-8.25%
 
0.83-8.25%

 
Subtotal
$
19,766

 
$
71,991

 
$
19,354

 
$
111,111

 
$
105,449

Junior subordinated debt:
Fixed rate
$
—

 
$
—

 
$
706

 
$
706

 
$
717

 
Variable rate
—

 
—

 
1,639

 
1,639

 
3,252

 
Interest rates(a)
—
%
 
—
%
 
1.39-8.75%
 
1.39-8.75%
 
0.83-8.75%

 
Subtotal
$
—

 
$
—

 
$
2,345

 
$
2,345

 
$
3,969

Total long-term debt(b)(c)(d)
 
$
46,705

 
$
145,950

 
$
102,590

 
$
295,245

(f)(g) 
$
288,651

Long-term beneficial interests:
 
 
 
 
 
 
 
 
 
 
Fixed rate
$
5,164

 
$
12,766

 
$
748

 
$
18,678

 
$
14,199

 
Variable rate
6,438

 
6,281

 
1,962

 
14,681

 
16,358

 
Interest rates
0.74-5.23%
 
0.98-7.87%
 
0.39-5.94%
 
0.39-7.87%
 
0.00-15.94%
Total long-term beneficial interests(e)
 
$
11,602

 
$
19,047

 
$
2,710

 
$
33,359

 
$
30,557

(a)
The interest rates shown are the range of contractual rates in effect at December 31, 2016 and 2015, respectively, including non-U.S. dollar fixed- and variable-rate issuances, which excludes the effects of the associated derivative instruments used in hedge accounting relationships, if applicable. The use of these derivative instruments modifies the Firm’s exposure to the contractual interest rates disclosed in the table above. Including the effects of the hedge accounting derivatives, the range of modified rates in effect at December 31, 2016, for total long-term debt was (0.18)% to 8.88%, versus the contractual range of 0.00% to 8.75% presented in the table above. The interest rate ranges shown exclude structured notes accounted for at fair value.
(b)
Included long-term debt of $82.2 billion and $76.6 billion secured by assets totaling $205.6 billion and $171.6 billion at December 31, 2016 and 2015, respectively. The amount of long-term debt secured by assets does not include amounts related to hybrid instruments.
(c)
Included $37.7 billion and $33.1 billion of long-term debt accounted for at fair value at December 31, 2016 and 2015, respectively.
(d)
Included $7.5 billion and $5.5 billion of outstanding zero-coupon notes at December 31, 2016 and 2015, respectively. The aggregate principal amount of these notes at their respective maturities is $25.1 billion and $16.2 billion, respectively. The aggregate principal amount reflects the contractual principal payment at maturity, which may exceed the contractual principal payment at the Firm’s next call date, if applicable.
(e)
Included on the Consolidated balance sheets in beneficial interests issued by consolidated VIEs. Also included $120 million and $787 million accounted for at fair value at December 31, 2016 and 2015, respectively. Excluded short-term commercial paper and other short-term beneficial interests of $5.7 billion and $11.3 billion at December 31, 2016 and 2015, respectively.
(f)
At December 31, 2016, long-term debt in the aggregate of $81.8 billion was redeemable at the option of JPMorgan Chase, in whole or in part, prior to maturity, based on the terms specified in the respective instruments.
(g)
The aggregate carrying values of debt that matures in each of the five years subsequent to 2016 is $46.7 billion in 2017, $49.4 billion in 2018, $32.2 billion in 2019, $33.8 billion in 2020 and $30.6 billion in 2021.