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Financial Statements of HSBC USA Inc. (Parent) (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheet
Condensed parent company financial statements follow:
Balance Sheet
At December 31,		20242023
 (in millions)
Assets:
Securities held-to-maturity (fair value of $1 million at December 31, 2023)
$— $1 
Receivables and balances due from subsidiaries14,782 14,437 
Receivables and balances due from other HSBC affiliates5,055 2,663 
Investment in subsidiaries:
Banking15,789 15,527 
Other250 99 
Other assets244 257 
Total assets$36,120 $32,984 
Liabilities:
Interest, taxes and other liabilities$94 $83 
Payables due to subsidiaries4 7 
Payables due to other HSBC affiliates57 76 
Short-term borrowings5,660 5,440 
Long-term debt(1)
9,428 9,240 
Long-term debt due to other HSBC affiliates(1)
8,388 6,499 
Total liabilities23,631 21,345 
Total equity12,489 11,639 
Total liabilities and equity$36,120 $32,984 
(1)Contractual scheduled maturities for the debt over the next five years are as follows: 2025 – $7.2 billion; 2026 – $2.1 billion; 2027 – $3.5 billion; 2028 – $1.1 billion; 2029 – $1.5 billion; and thereafter – $2.4 billion.
Schedule of Condensed Income (Loss)
Statements of Income and Comprehensive Income (Loss)
Year Ended December 31,		202420232022
 (in millions)
Income:
Dividends from banking subsidiaries$1,195 $1,940 $143 
Dividends from other subsidiaries20 15 15 
Interest from subsidiaries532 526 101 
Interest from other HSBC affiliates214 194 89 
Other income (loss) from subsidiaries— — (1)
Other income (loss) from other HSBC Affiliates258 951 (1,046)
Other income (loss)(270)(961)998 
Total income1,949 2,665 299 
Expenses:
Interest to subsidiaries— 54 46 
Interest to other HSBC Affiliates214 172 140 
Other interest expense1,107 1,091 305 
Other expenses with subsidiaries17 13 15 
Other expenses with other HSBC Affiliates1 — — 
Other expenses— 2 2 
Total expenses1,339 1,332 508 
Income (loss) before taxes and equity in undistributed income (loss) of subsidiaries610 1,333 (209)
Income tax benefit(129)(143)(88)
Income (loss) before equity in undistributed income (loss) of subsidiaries739 1,476 (121)
Equity in undistributed income (loss) of subsidiaries86 (1,083)669 
Net income$825 $393 $548 
Other comprehensive income (loss)154 649 (2,396)
Comprehensive income (loss)$979 $1,042 $(1,848)
Schedule of Condensed Cash Flow Statement
Statement of Cash Flows
Year Ended December 31,		202420232022
 (in millions)
Cash flows from operating activities:
Net income$825 $393 $548 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization5 3 1 
Net change in other assets and liabilities(123)794 (2,073)
Undistributed (income) loss of subsidiaries(86)1,083 (669)
Other, net(3)(9)2 
Cash provided by (used in) operating activities618 2,264 (2,191)
Cash flows from investing activities:
Net change in investments in and balances due from subsidiaries(515)(889)2,291 
Net change in balances due from other HSBC affiliates(2,395)875 (888)
Other, net— — 14 
Cash provided by (used in) investing activities(2,910)(14)1,417 
Cash flows from financing activities:
Net change in deposits from other HSBC affiliates(32)41 (17)
Net change in short-term borrowings220 (878)1,135 
Issuance of long-term debt9,254 4,546 5,824 
Repayment of long-term debt(7,021)(4,435)(3,089)
Preferred stock redemption— — (1,000)
Return of capital to parent— — (2,000)
Other decreases in capital surplus(13)(8)(2)
Dividends paid(116)(1,516)(77)
Cash provided by (used in) financing activities2,292 (2,250)774 
Net change in cash and due from banks and interest bearing deposits with banks— — — 
Cash and due from banks and interest bearing deposits with banks at beginning of year— — — 
Cash and due from banks and interest bearing deposits with banks at end of year$— $— $— 
Cash paid for:
Interest$1,289 $1,178 $373