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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2022
Credit Loss [Abstract]  
Allowance for credit losses on financing receivables
The table below summarizes information about the allowances for credit losses, and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 for further information on the allowance for credit losses on investment securities.
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2022
Year ended December 31,
(in millions)		Consumer,
excluding
credit card		Credit cardWholesaleTotal
Allowance for loan losses
Beginning balance at January 1,$1,765 $10,250 $4,371 $16,386 
Cumulative effect of a change in accounting principle(a)
NANANANA
Gross charge-offs812 

3,192 322 4,326 
Gross recoveries collected(543)(789)(141)(1,473)
Net charge-offs269 

2,403 181 2,853 
Provision for loan losses543 3,353 2,293 6,189 
Other
1 

— 3 4 
Ending balance at December 31,$2,040 $11,200 $6,486 $19,726 
Allowance for lending-related commitments
Beginning balance at January 1,
$113 $— $2,148 $2,261 
Cumulative effect of a change in accounting principle(a)
NANANANA
Provision for lending-related commitments
(37)— 157 120 
Other
— — 1 1 
Ending balance at December 31,$76 $— $2,306 $2,382 
Total allowance for investment securitiesNANANA$96 
Total allowance for credit losses(b)
$2,116 $11,200 $8,792 $22,204 
Allowance for loan losses by impairment methodology
Asset-specific(c)
$(624)$223 $467 $66 
Portfolio-based2,664 10,977 6,019 19,660 
Total allowance for loan losses$2,040 $11,200 $6,486 $19,726 
Loans by impairment methodology
Asset-specific(c)
$11,978 $796 $2,189 $14,963 
Portfolio-based288,775 184,379 601,481 1,074,635 
Total retained loans$300,753 $185,175 $603,670 $1,089,598 
Collateral-dependent loans
Net charge-offs$(33)

$— $16 $(17)
Loans measured at fair value of collateral less cost to sell
3,585 — 464 4,049 
Allowance for lending-related commitments by impairment methodology
Asset-specific
$— $— $90 $90 
Portfolio-based76 — 2,216 2,292 
Total allowance for lending-related commitments(d)
$76 $— $2,306 $2,382 
Lending-related commitments by impairment methodology
Asset-specific
$— $— $455 $455 
Portfolio-based(e)
20,423 — 461,688 482,111 
Total lending-related commitments
$20,423 $— $462,143 $482,566 
(a)Represents the impact to allowance for credit losses upon the adoption of CECL on January 1, 2020. Refer to Note 1 for further information.
(b)At December 31, 2022 excludes an allowance for credit losses associated with certain accounts receivable in CIB of $21 million.
(c)Includes collateral dependent loans, including those considered TDRs and those for which foreclosure is deemed probable, modified PCD loans and non-collateral dependent loans that have been modified or are reasonably expected to be modified in a TDR. Also includes risk-rated loans that have been placed on nonaccrual status for the wholesale portfolio segment. The asset-specific credit card allowance for loans modified, or reasonably expected to be modified, in a TDR is calculated based on the loans’ original contractual interest rates and does not consider any incremental penalty rates.
(d)The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets.
(e)At December 31, 2022, 2021 and 2020, lending-related commitments excluded $13.1 billion, $15.7 billion and $19.5 billion, respectively, for the consumer, excluding credit card portfolio segment; $821.3 billion, $730.5 billion and $658.5 billion, respectively, for the credit card portfolio segment; and $9.8 billion, $32.1 billion and $25.3 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-
related commitments. Prior-period amount for wholesale lending-related commitments, including the amount not subject to allowance, has been revised to conform with the current presentation.
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20212020
Consumer,
excluding
credit card		Credit cardWholesaleTotalConsumer,
excluding
credit card		Credit cardWholesaleTotal
$3,636 $17,800 $6,892 $28,328 $2,538 $5,683 $4,902 $13,123 
NANANANA297 5,517 (1,642)4,172 
630 3,651 283 4,564 805 5,077 954 6,836 
(619)(939)(141)(1,699)(631)(791)(155)(1,577)
11 2,712 142 2,865 174 4,286 799 5,259 
(1,858)(4,838)(2,375)(9,071)974 10,886 4,431 16,291 
(2)— (4)(6)1 — — 1 
$1,765 $10,250 $4,371 $16,386 $3,636 $17,800 $6,892 $28,328 
$187 $— $2,222 $2,409 $12 $— $1,179 $1,191 
NANANANA133 — (35)98 
(75)— (74)(149)42 — 1,079 1,121 
1 — — 1 — — (1)(1)
$113 $— $2,148 $2,261 $187 $— $2,222 $2,409 
NANANA$42 NANANA$78 
$1,878 $10,250 $6,519 $18,689 $3,823 $17,800 $9,114 $30,815 
$(665)$313 $263 $(89)$(7)$633 $682 $1,308 
2,430 9,937 4,108 16,475 3,643 17,167 6,210 27,020 
$1,765 $10,250 $4,371 $16,386 $3,636 $17,800 $6,892 $28,328 
$13,919 $987 $2,255 $17,161 $16,648 $1,375 $3,606 $21,629 
281,637 153,309 558,099 993,045 285,479 142,057 511,341 938,877 
$295,556 $154,296 $560,354 $1,010,206 $302,127 $143,432 $514,947 $960,506 
$33 $— $38 $71 $133 $— $76 $209 
4,472 — 617 5,089 4,956 — 188 5,144 
$— $— $167 $167 $— $— $114 $114 
113 — 1,981 2,094 187 — 2,108 2,295 
$113 $— $2,148 $2,261 $187 $— $2,222 $2,409 
$— $— $764 $764 $— $— $577 $577 
29,588 — 453,571 

483,159 37,783 — 423,993 461,776 
$29,588 $— $454,335 $483,923 $37,783 $— $424,570 $462,353 
U.S. unemployment rates and cumulative change in U.S. real GDP
The Firm’s central case assumptions reflected U.S. unemployment rates and U.S. real GDP as follows:
Assumptions at December 31, 2022
2Q234Q232Q24
U.S. unemployment rate(a)
3.8 %4.3 %5.0 %
YoY growth in U.S. real GDP(b)
1.5 %0.4 %— %
Assumptions at December 31, 2021
2Q224Q222Q23
U.S. unemployment rate(a)
4.2 %4.0 %3.9 %
YoY growth in U.S. real GDP(b)
3.1 %2.8 %2.1 %
(a)Reflects quarterly average of forecasted U.S. unemployment rate.
(b)The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year.