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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Asset and Liability Management Derivative Positions
The following table summarizes the asset and liability management derivative positions of the Company:
 September 30, 2025December 31, 2024
 Notional ValueFair ValueNotional ValueFair Value
(Dollars in Millions)AssetsLiabilitiesAssetsLiabilities
Fair value hedges
Interest rate contracts
Receive fixed/pay floating swaps$8,550 $— $— $10,600 $— $— 
Pay fixed/receive floating swaps26,614 — — 29,739 — — 
Cash flow hedges
Interest rate contracts
Receive fixed/pay floating swaps23,000 — — 28,550 — — 
Pay fixed/receive floating swaps1,000 — — — — — 
Net investment hedges
Foreign exchange forward contracts741 6 — 870 7 — 
Other economic hedges
Interest rate contracts
Futures and forwards
Buy8,544 14 12 5,436 8 30 
Sell3,283 4 12 2,711 10 1 
Options
Purchased9,520 145 — 7,810 186 — 
Written3,181 21 66 1,991 8 47 
Receive fixed/pay floating swaps9,396 109 30 9,977 45 23 
Pay fixed/receive floating swaps2,983 — — 2,371 — — 
Foreign exchange forward contracts774 4 1 702 4 4 
Equity contracts321 8 1 293 — 9 
Credit contracts2,816 — 18 3,558 — 29 
Other(a)
2,846 8 118 1,084 7 78 
Total$103,569 $319 $258 $105,692 $275 $221 
(a)Includes derivative liability swap agreements related to the sale of a portion of the Company’s Class B common and preferred shares of Visa Inc. The Visa swap agreements had a total notional value and fair value of $1.0 billion and $115 million at September 30, 2025, respectively, compared to $1.0 billion and $78 million at December 31, 2024, respectively. In addition, includes short-term underwriting purchase and sale commitments with total notional values of $1.8 billion at September 30, 2025.
Summary of Customer-Related Derivative Positions
The following table summarizes the customer-related derivative positions of the Company:
 September 30, 2025December 31, 2024
 Notional
Value		Fair ValueNotional
Value		Fair Value
(Dollars in Millions)AssetsLiabilitiesAssetsLiabilities
Interest rate contracts
Receive fixed/pay floating swaps$444,332 $1,357 $2,190 $413,841 $462 $4,485 
Pay fixed/receive floating swaps382,650 1,124 481 363,837 2,342 153 
Other(a)
69,002 21 62 72,503 17 34 
Options
Purchased134,864 254 9 96,238 414 2 
Written95,541 26 334 90,572 12 574 
Futures
Buy1,881 — — — — — 
Sell963 — — — — — 
Foreign exchange rate contracts
Forwards, spots and swaps136,823 2,831 2,691 113,718 2,441 2,232 
Options
Purchased1,330 23 1 497 14 — 
Written1,330 3 24 497 — 14 
Commodity contracts
Swaps14,804 579 485 8,224 199 180 
Options
Purchased5,300 348 2 3,921 233 2 
Written5,293 2 348 3,921 3 233 
Futures
Buy4 — — 1 — — 
Sell548 84 81 166 25 27 
Equity contracts8 — — — — — 
Credit contracts14,015 1 3 13,670 — 3 
Total$1,308,688 $6,653 $6,711 $1,181,606 $6,162 $7,939 
(a)Primarily represents floating rate interest rate swaps that pay based on differentials between specified interest rate indexes.
Summary of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) reclassified from other comprehensive income (loss) into earnings (net-of-tax):
 Three Months Ended September 30Nine Months Ended September 30
 Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings
(Dollars in Millions)20252024202520242025202420252024
Asset and Liability Management Positions        
Cash flow hedges        
Interest rate contracts$(4)$342 $(49)$(57)$323 $6 $(143)$(153)
Net investment hedges        
Foreign exchange forward contracts14 (19)— — (28)59 — — 
Non-derivative debt instruments(3)(56)— — (194)(15)— — 
Note: The Company does not exclude components from effectiveness testing for cash flow and net investment hedges.
Summary of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) reclassified from other comprehensive income (loss) into earnings (net-of-tax):
 Three Months Ended September 30Nine Months Ended September 30
 Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings
(Dollars in Millions)20252024202520242025202420252024
Asset and Liability Management Positions        
Cash flow hedges        
Interest rate contracts$(4)$342 $(49)$(57)$323 $6 $(143)$(153)
Net investment hedges        
Foreign exchange forward contracts14 (19)— — (28)59 — — 
Non-derivative debt instruments(3)(56)— — (194)(15)— — 
Note: The Company does not exclude components from effectiveness testing for cash flow and net investment hedges.
Summary of Effect of Fair Value and Cash Flow Hedge Accounting on Consolidated Statement of Income
The table below shows the effect of fair value and cash flow hedge accounting on the Consolidated Statement of Income:
 Three Months Ended September 30Nine Months Ended September 30
 Interest Income Interest Expense Interest Income Interest Expense
(Dollars in Millions)20252024202520242025202420252024
Total amount of income and expense line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded$7,927 $8,086 $3,705 $3,951 $23,047 $23,835 $10,682 $11,692 
Asset and Liability Management Positions        
Fair value hedges        
Interest rate contract derivatives34 (1,108)92 302 (699)(663)(92)314 
Hedged items(34)1,113 (92)(303)699 666 96 (315)
Cash flow hedges        
Interest rate contract derivatives(60)(70)5 7 (172)(185)19 21 
Note: The Company does not exclude components from effectiveness testing for fair value and cash flow hedges. The Company reclassified losses of $5 million and $19 million into earnings during the three and nine months ended September 30, 2025, respectively, as a result of realized cash flows on discontinued cash flow hedges, compared with $7 million and $21 million during the three and nine months ended September 30, 2024, respectively. No amounts were reclassified into earnings on discontinued cash flow hedges because it is probable the original hedged forecasted cash flows will not occur.
Summary of Cumulative Hedging Adjustments and the Carrying Amount of Assets and Liabilities Designated in Fair Value Hedges
The table below shows cumulative hedging adjustments and the carrying amount of assets and liabilities currently designated in fair value hedges:
 Carrying Amount of the Hedged Assets
and Liabilities		Cumulative Hedging Adjustment
(Dollars in Millions)September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Line Item in the Consolidated Balance Sheet    
Available-for-sale investment securities(a)
$26,687 $29,005 $257 $(464)
Long-term debt8,837 10,632 209 39 
Note: The table above excludes the cumulative hedging adjustment related to discontinued hedging relationships on available-for-sale investment securities and long-term debt of $(8) million and $(75) million, respectively, at September 30, 2025, compared with $(72) million and $(149) million at December 31, 2024, respectively. The carrying amount of available-for-sale investment securities and long-term debt related to discontinued hedging relationships was $9.3 billion and $16.1 billion, respectively, at September 30, 2025, compared with $6.8 billion and $14.9 billion at December 31, 2024, respectively.
(a)Includes amounts related to available-for-sale investment securities currently designated as the hedged item in a fair value hedge using the portfolio layer method. At September 30, 2025, the amortized cost of the closed portfolios used in these hedging relationships was $20.8 billion, of which $10.8 billion was designated as hedged. At September 30, 2025, the cumulative amount of basis adjustments associated with these hedging relationships was $293 million. At December 31, 2024, the amortized cost of the closed portfolios used in these hedging relationships was $17.5 billion, of which $11.6 billion was designated as hedged. At December 31, 2024, the cumulative amount of basis adjustments associated with these hedging relationships was $13 million.
Summary of Gains (Losses) Recognized in Earnings for Other Economic Hedges and Customer-Related Positions
The table below shows the gains (losses) recognized in earnings for other economic hedges and the customer-related positions:
 Three Months Ended
September 30		Nine Months Ended
September 30
(Dollars in Millions)Location of Gains (Losses)
Recognized in Earnings		2025202420252024
Asset and Liability Management Positions 
Other economic hedges 
Interest rate contracts 
Futures and forwardsMortgage banking revenue$18 $2 $43 $(12)
Purchased and written optionsMortgage banking revenue43 64 111 112 
SwapsMortgage banking revenue/Interest expense12 107 81 30 
Foreign exchange forward contractsOther noninterest income13 (6)(4)2 
Equity contractsCompensation expense20 (2)28 (4)
Credit contractsCapital markets revenue1 (5)6 (7)
OtherOther noninterest income(7)(1)(89)(70)
Customer-Related Positions     
Interest rate contracts     
SwapsCapital markets revenue61 (55)143 165 
Purchased and written optionsCapital markets revenue(5)109 9 41 
FuturesCapital markets revenue1 — 3 — 
Foreign exchange rate contracts     
Forwards, spots and swapsCapital markets revenue69 70 183 126 
Purchased and written optionsCapital markets revenue— — 1 — 
Commodity contracts     
SwapsCapital markets revenue(30)(2)(26)(1)
Purchased and written optionsCapital markets revenue1 1 15 5 
FuturesCapital markets revenue35 4 39 10 
Credit contractsCapital markets revenue(4)(3)(10)(3)