Pension and Other Postretirement Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2018

Retirement Benefits [Abstract]

Components of net periodic benefit costs reported in the Consolidated Statements of Income

The following table presents the components of net periodic benefit costs reported in the Consolidated statements of income for the Firm’s U.S. and non-U.S. defined benefit pension, defined contribution and OPEB plans.

(in millions)	Three months ended September 30,												Nine months ended September 30,
	2018			2017			2018			2017			2018			2017			2018			2017
	Defined benefit pension plans						OPEB plans						Defined benefit pension plans						OPEB plans
Components of net periodic benefit cost
Benefits earned during the period	$	88		$	83		$	—		$	—		$	267		$	247		$	—		$	—
Interest cost on benefit obligations	139			148			6			7			417			447			18			21
Expected return on plan assets	(246		)	(242		)	(25		)	(24		)	(741		)	(725		)	(77		)	(72		)
Amortization:
Net (gain)/loss	26			63			—			—			78			187			—			—
Prior service cost/(credit)	(7		)	(9		)	—			—			(19		)	(27		)	—			—
Settlement	—			—			—			—			—			(3		)	—			—
Net periodic defined benefit cost(a)	—			43			(19		)	(17		)	2			126			(59		)	(51		)
Other defined benefit pension plans(b)	6			6			NA			NA			21			16			NA			NA
Total defined benefit plans	6			49			(19		)	(17		)	23			142			(59		)	(51		)
Total defined contribution plans	229			221			NA			NA			661			617			NA			NA
Total pension and OPEB cost included in noninterest expense	$	235		$	270		$	(19	)	$	(17	)	$	684		$	759		$	(59	)	$	(51	)

(a) Effective January 1, 2018, benefits earned during the period are reported in compensation expense; all other components of net periodic defined benefit costs are reported within other expense in the Consolidated statements of income.

(b)

Includes various defined benefit pension plans which are individually immaterial.

Schedule of Fair Values of Plan Assets

The following table presents the fair values of plan assets for the U.S. defined benefit pension and OPEB plans and for the material non-U.S. defined benefit pension plans.

(in billions)	September 30, 2018		December 31, 2017
Fair value of plan assets
Defined benefit pension plans	$	19.2	$	19.6
OPEB plans	2.8		2.8