DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES (Tables)

3 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP.

	December 31, 2025						September 30, 2025
$ in millions	Derivative assets		Derivative liabilities		Notional amount		Derivative assets		Derivative liabilities		Notional amount
Derivatives not designated as hedging instruments
Interest rate (1)	$	287	$	292	$	19,333	$	306	$	309	$	20,446
Foreign exchange	8		8		952		—		2		539
Other	—		—		1,032		—		2		1,096
Subtotal	295		300		21,317		306		313		22,081
Derivatives designated as hedging instruments
Interest rate	—		—		800		—		—		850
Foreign exchange	—		3		1,266		1		—		1,242
Subtotal	—		3		2,066		1		—		2,092
Total gross fair value/notional amount	295		303		$	23,383	307		313		$	24,173
Offset on the Condensed Consolidated Statements of Financial Condition
Counterparty netting	(91)		(91)				(92)		(92)
Cash collateral netting	(134)		(31)				(147)		(31)
Total amounts offset	(225)		(122)				(239)		(123)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	$	70	$	181			$	68	$	190
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition
Financial instruments	—		—				(1)		—
Total	$	70	$	181			$	67	$	190

(1)Included to-be-announced security contracts that are accounted for as derivatives.

Schedule of Derivative Liabilities at Fair Value

The following table presents the gross fair values and notional amounts of derivatives by product type, the amounts of counterparty and cash collateral netting on our Condensed Consolidated Statements of Financial Condition, as well as collateral posted and received under credit support agreements that do not meet the criteria for netting under GAAP.

	December 31, 2025						September 30, 2025
$ in millions	Derivative assets		Derivative liabilities		Notional amount		Derivative assets		Derivative liabilities		Notional amount
Derivatives not designated as hedging instruments
Interest rate (1)	$	287	$	292	$	19,333	$	306	$	309	$	20,446
Foreign exchange	8		8		952		—		2		539
Other	—		—		1,032		—		2		1,096
Subtotal	295		300		21,317		306		313		22,081
Derivatives designated as hedging instruments
Interest rate	—		—		800		—		—		850
Foreign exchange	—		3		1,266		1		—		1,242
Subtotal	—		3		2,066		1		—		2,092
Total gross fair value/notional amount	295		303		$	23,383	307		313		$	24,173
Offset on the Condensed Consolidated Statements of Financial Condition
Counterparty netting	(91)		(91)				(92)		(92)
Cash collateral netting	(134)		(31)				(147)		(31)
Total amounts offset	(225)		(122)				(239)		(123)
Net amounts presented on the Condensed Consolidated Statements of Financial Condition	$	70	$	181			$	68	$	190
Gross amounts not offset on the Condensed Consolidated Statements of Financial Condition
Financial instruments	—		—				(1)		—
Total	$	70	$	181			$	67	$	190

(1)Included to-be-announced security contracts that are accounted for as derivatives.

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)

The following table details the gains/(losses) included in AOCI, net of income taxes, on derivatives designated as hedging instruments. These amounts do not include any offsetting gains/(losses) on the related hedged item. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 16 for additional information.

	Three months ended December 31,
$ in millions	2025		2024
Interest rate (cash flow hedges)	$	(2)	$	6
Foreign exchange (net investment hedges)	(10)		57
Total gains/(losses) included in AOCI, net of taxes	$	(12)	$	63

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table details the gains/(losses) included in AOCI, net of income taxes, on derivatives designated as hedging instruments. These amounts do not include any offsetting gains/(losses) on the related hedged item. These gains/(losses) included any amounts reclassified from AOCI to net income during the period. See Note 16 for additional information.

	Three months ended December 31,
$ in millions	2025		2024
Interest rate (cash flow hedges)	$	(2)	$	6
Foreign exchange (net investment hedges)	(10)		57
Total gains/(losses) included in AOCI, net of taxes	$	(12)	$	63

Schedule of Gains (Losses) on Derivatives Not Designated as Hedging Instruments

The following table details the gains/(losses) on derivatives not designated as hedging instruments recognized on the Condensed Consolidated Statements of Income and Comprehensive Income. These amounts do not include any offsetting gains/(losses) on the related hedged item.

$ in millions		Three months ended December 31,
	Location of gains/(losses)	2025		2024
Interest rate	Principal transactions/other revenue	$	3	$	3
Foreign exchange (1)	Principal transactions/other revenue	$	(1)	$	61
Other	Principal transactions	$	2	$	(6)

(1)The impacts included in our Condensed Consolidated Statements of Income and Comprehensive Income of these amounts net of the gains/(losses) on the related hedged item were net gains of $2 million for each of the three months ended December 31, 2025 and 2024.