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DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments in consolidated balance sheets
The following table presents derivative assets and liabilities included in the Consolidated Balance Sheets:
December 31, 2025December 31, 2024
(dollars in millions)Notional AmountDerivative AssetsDerivative LiabilitiesNotional AmountDerivative AssetsDerivative Liabilities
Derivatives designated as hedging instruments:
Interest rate contracts$67,358 $366 $25 $69,077 $402 $5 
Derivatives not designated as hedging instruments:
Interest rate contracts180,977 187 446 171,193 160 905 
Foreign exchange contracts40,401 510 373 34,749 472 411 
Commodities contracts10,974 458 405 1,136 429 379 
TBA contracts3,043 2 6 2,714 10 8 
Other contracts968 9 3 615 3 2 
Total derivatives not designated as hedging instruments236,363 1,166 1,233 210,407 1,074 1,705 
Total gross derivatives
303,721 1,532 1,258 279,484 1,476 1,710 
Less: Gross amounts offset in the Consolidated Balance Sheets(1)
(342)(342)(391)(391)
Less: Cash collateral applied(1)
(494)(137)(677)(99)
Total net derivatives included in the Consolidated Balance Sheets
$696 $779 $408 $1,220 
(1) Amounts represent the impact of enforceable master netting agreements that allow the Company to net settle positive and negative positions, as well as collateral paid and received.
Schedule of fair value hedges
The following table presents the effect of fair value hedges on the Consolidated Statements of Operations and the respective line items affected for each hedged item:
Location and Amount of Gains (Losses) Recognized
Interest Income
Interest Expense
(dollars in millions)
Investment Securities
Long-Term Borrowed Funds
Year Ended December 31, 2025
Gains (losses) on fair value hedges recognized on:
Hedged items
$161 ($8)
Derivatives
(163)8 
Amounts related to interest settlements on derivatives45 (9)
Total net interest income recognized on fair value hedges
$43 ($9)
Year Ended December 31, 2024
Gains (losses) on fair value hedges recognized on:
Hedged items
($142)($8)
Derivatives
147 8 
Amounts related to interest settlements on derivatives107 (14)
Total net interest income recognized on fair value hedges
$112 ($14)
Year Ended December 31, 2023
Gains (losses) on fair value hedges recognized on:
Hedged items
$50 ($10)
Derivatives
(48)10 
Amounts related to interest settlements on derivatives10 (16)
Total net interest income recognized on fair value hedges
$12 ($16)
The following table reflects amounts recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges:    
December 31, 2025December 31, 2024
(dollars in millions)
Debt securities available for sale(1)
Long-term borrowed funds
Debt securities available for sale(1)
Long-term borrowed funds
Carrying amount of hedged assets(2)
$8,009 $— $9,557 $— 
Carrying amount of hedged liabilities— — — 491 
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items48 — (97)(8)
(1) Includes the amortized cost basis of closed portfolios used to designate hedging relationships under the portfolio layer method. The hedged item is a layer of the closed portfolio which is expected to be remaining at the end of the hedging relationship. As of December 31, 2025 and 2024, the amortized cost basis of the closed portfolios used in these hedging relationships was $5.1 billion and $6.4 billion, respectively, including associated cumulative basis adjustments of $17 million and $(75) million, respectively. The amount of the designated hedging instruments was $3.8 billion and $4.7 billion at December 31, 2025 and 2024, respectively.
(2) Carrying amount represents amortized cost.
Schedule of cash flow hedges included in accumulated other comprehensive income (loss)
The following table presents the pre-tax net gains (losses) recorded in the Consolidated Statements of Operations and in the Consolidated Statements of Comprehensive Income related to derivative instruments designated as cash flow hedges:
Year Ended December 31,
(dollars in millions)202520242023
Pre-tax net gains (losses) recognized in OCI
$341 ($725)($145)
Pre-tax net gains (losses) reclassified from AOCI into interest income
(751)(945)(596)
Pre-tax net gains (losses) reclassified from AOCI into noninterest income
(9)— — 
Pre-tax net gains (losses) reclassified from AOCI into interest expense
(1)(1)— 
Schedule of effect of derivative Instruments on net income
The following table presents the effect of economic hedges on noninterest income:
Amounts Recognized in Noninterest Income for the Year Ended December 31,Affected Line Item in the Consolidated Statements of Operations
(dollars in millions)202520242023
Economic hedge type:
Customer interest rate contracts$168 ($773)($505)Foreign exchange and derivative products
Derivatives hedging interest rate risk(134)805 551 Foreign exchange and derivative products
Customer foreign exchange contracts322 (223)94 Foreign exchange and derivative products
Derivatives hedging foreign exchange risk(386)334 14 Foreign exchange and derivative products
Customer commodity contracts(243)23 (900)Foreign exchange and derivative products
Derivatives hedging commodity price risk260 (7)941 Foreign exchange and derivative products
Residential loan commitments19 (16)(34)Mortgage banking fees
Derivatives hedging residential loan commitments and mortgage loans held for sale, at fair value
(37)19 25 Mortgage banking fees
Derivative contracts used to hedge residential MSRs7 (91)(33)Mortgage banking fees
Derivative contracts used to hedge equity price risk
13 — — 
Capital markets fees
Total($11)$71 $153