Business Segments (Tables)

9 Months Ended

Sep. 30, 2022

Summary of Impacts of Changes to Internal Management Reporting

The following table summarizes the impact of this change on reported segment profit (loss) before tax, total assets and total deposits as of and for the three and nine months ended September 30, 2021:

As Previously Reported

After Reporting Changes

(in millions)

Segment profit (loss) before tax during the three months ended September 30, 2021:

GBM

103

NSR

108

MSS

NSR

GBM Other

NSR

(19)

Segment profit (loss) before tax during the nine months ended September 30, 2021:

GBM

449

NSR

420

MSS

NSR

GBM Other

NSR

(21)

Segment total assets at September 30, 2021:

GBM

102,543

NSR

10,301

MSS

NSR

41,193

GBM Other(1)

NSR

51,049

Segment total deposits at September 30, 2021:

GBM

52,130

NSR

49,465

MSS

NSR

1,719

GBM Other

NSR

946

NSR Not Separately Reported

(1)Includes assets allocated from Markets Treasury.

Summary on Reconciliation of Results under Group Reporting Basis to US GAAP

The following table summarizes the results for each segment on a Group Reporting Basis, as well as provides a reconciliation of total results under the Group Reporting Basis to U.S. GAAP consolidated totals:


	Group Reporting Basis Consolidated Amounts
					GBM
	WPB		CMB		GB		MSS		GBM Other		CC		Total		Group Reporting Basis Adjust- ments(1)		Group Reporting Basis Reclassi- fications(2)		U.S. GAAP Consolidated Totals
	(in millions)
Three Months Ended September 30, 2022
Net interest income (expense)	$	211	$	253	$	137	$	(35)	$	(3)	$	(4)	$	559	$	2	$	(18)	$	543
Other operating income	62		65		52		146		17		2		344		(23)		33		354
Total operating income (expense)	273		318		189		111		14		(2)		903		(21)		15		897
Expected credit losses / provision for credit losses	(19)		(17)		37		—		(1)		—		—		25		—		25
	292		335		152		111		15		(2)		903		(46)		15		872
Operating expenses	187		142		116		67		20		94		626		7		15		648
Profit (loss) before income tax	$	105	$	193	$	36	$	44	$	(5)	$	(96)	$	277	$	(53)	$	—	$	224

Three Months Ended September 30, 2021
Net interest income (expense)	$	202	$	200	$	75	$	11	$	(12)	$	(1)	$	475	$	4	$	41	$	520
Other operating income (expense)	57		70		96		69		19		(38)		273		4		(35)		242
Total operating income (expense)	259		270		171		80		7		(39)		748		8		6		762
Expected credit losses / provision for credit losses	(35)		24		(31)		—		—		—		(42)		(39)		—		(81)
	294		246		202		80		7		(39)		790		47		6		843
Operating expenses	279		134		94		66		26		55		654		6		6		666
Profit (loss) before income tax	$	15	$	112	$	108	$	14	$	(19)	$	(94)	$	136	$	41	$	—	$	177

Nine Months Ended September 30, 2022
Net interest income (expense)	$	565	$	658	$	321	$	(19)	$	(4)	$	(17)	$	1,504	$	3	$	45	$	1,552
Other operating income	257		221		306		388		67		10		1,249		(54)		(12)		1,183
Total operating income (expense)	822		879		627		369		63		(7)		2,753		(51)		33		2,735
Expected credit losses / provision for credit losses	(21)		10		32		—		—		—		21		84		—		105
	843		869		595		369		63		(7)		2,732		(135)		33		2,630
Operating expenses	626		432		348		216		65		275		1,962		32		33		2,027
Profit (loss) before income tax	$	217	$	437	$	247	$	153	$	(2)	$	(282)	$	770	$	(167)	$	—	$	603
Balances at end of period:
Total assets	$	42,954	$	51,555	$	11,845	$	52,044	$	39,494	$	2,296	$	200,188	$	(30,848)	$	—	$	169,340
Total loans, net	22,435		25,816		11,147		125		701		—		60,224		(1,148)		2,148		61,224
Goodwill	—		358		—		—		—		—		358		100		—		458
Total deposits	34,549		39,460		43,475		1,153		1,990		—		120,627		(4,927)		9,266		124,966


	Group Reporting Basis Consolidated Amounts
					GBM
	WPB		CMB		GB		MSS		GBM Other		CC		Total		Group Reporting Basis Adjust- ments(1)		Group Reporting Basis Reclassi- fications(2)		U.S. GAAP Consolidated Totals
	(in millions)
Nine Months Ended September 30, 2021
Net interest income (expense)	$	616	$	580	$	237	$	36	$	(18)	$	(3)	$	1,448	$	17	$	109	$	1,574
Other operating income (expense)	215		208		314		226		73		(9)		1,027		(2)		(95)		930
Total operating income (expense)	831		788		551		262		55		(12)		2,475		15		14		2,504
Expected credit losses / provision for credit losses	(36)		(26)		(153)		—		(1)		—		(216)		(321)		—		(537)
	867		814		704		262		56		(12)		2,691		336		14		3,041
Operating expenses	921		437		284		212		77		157		2,088		48		14		2,150
Profit (loss) before income tax	$	(54)	$	377	$	420	$	50	$	(21)	$	(169)	$	603	$	288	$	—	$	891
Balances at end of period:
Total assets	$	69,021	$	46,226	$	10,301	$	41,193	$	51,049	$	1,611	$	219,401	$	(18,251)	$	—	$	201,150
Total loans, net	22,046		20,998		10,063		151		1,076		—		54,334		(1,549)		2,266		55,051
Goodwill	—		358		—		—		—		—		358		100		—		458
Total deposits	39,762		45,239		49,465		1,719		946		—		137,131		(3,668)		18,905		152,368

(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis.

(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.