XML 98 R62.htm IDEA: XBRL DOCUMENT v3.25.0.1
Commitments, Contingent Liabilities and Guarantees (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Significant Commitments The following table reflects a summary of significant commitments as of December 31:
($ in millions)20242023
Commitments to extend credit$80,680 81,570 
Letters of credit1,952 2,095 
Forward contracts related to residential mortgage loans measured at fair value881 650 
Capital commitments for private equity investments219 170 
Capital expenditures80 95 
Purchase obligations27 69 
Credit Risk Associated with Commitments
Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of December 31:
($ in millions)20242023
Pass$78,734 79,593 
Special mention850 1,301 
Substandard1,095 676 
Doubtful1 — 
Total commitments to extend credit$80,680 81,570 
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of December 31, 2024:
($ in millions)
Less than 1 year(a)
$980 
1 - 5 years(a)
967 
Over 5 years5 
Total letters of credit$1,952 
(a)Includes $2 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit
Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of December 31:
($ in millions)20242023
Pass$1,779 1,902 
Special mention60 81 
Substandard110 112 
Doubtful3 — 
Total letters of credit$1,952 2,095 
Visa Funding and Bancorp Cash Payments
After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa Funding AmountBancorp Cash Payment Amount
Q2 2010$500 20 
Q4 2010800 35 
Q2 2011400 19 
Q1 20121,565 75 
Q3 2012150 6 
Q3 2014450 18 
Q2 2018600 26 
Q3 2019300 12 
Q4 2021250 11 
Q2 2022600 25 
Q4 2022350 15 
Q2 2023500 21 
Q3 2023150 6 
Q3 20241,500 65