Pension and Other Postretirement Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2019

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,
	2019			2018			2019			2018			2019			2018			2019			2018
	Pension plans						OPEB plans						Pension plans						OPEB plans
Components of net periodic benefit cost
Benefits earned during the period	$	88		$	88		$	—		$	—		$	266		$	267		$	—		$	—
Interest cost on benefit obligations	148			139			6			6			447			417			18			18
Expected return on plan assets	(227		)	(246		)	(28		)	(25		)	(686		)	(741		)	(84		)	(77		)
Amortization:
Net (gain)/loss	42			26			—			—			125			78			—			—
Prior service (credit)/cost	—			(7		)	—			—			2			(19		)	—			—
Net periodic defined benefit cost	51			—			(22		)	(19		)	154			2			(66		)	(59		)
Other defined benefit pension plans(a)	7			6			NA			NA			20			21			NA			NA
Total defined benefit plans	58			6			(22		)	(19		)	174			23			(66		)	(59		)
Total defined contribution plans	255			229			NA			NA			718			661			NA			NA
Total pension and OPEB cost included in noninterest expense	$	313		$	235		$	(22	)	$	(19	)	$	892		$	684		$	(66	)	$	(59	)

(a)

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, 2019		December 31, 2018
Fair value of plan assets
Defined benefit pension plans	$	20.1	$	18.1
OPEB plans	2.9		2.6