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Parent Company (Tables)
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Group Inc. - Condensed Statements of Earnings
Group Inc. – Condensed Statements of Earnings
Year Ended December
$ in millions202220212020
Revenues
Dividends from subsidiaries and other affiliates:
Bank$101 $16,990 $40 
Nonbank6,243 15,562 11,860 
Other revenues(3,590)529 774 
Total non-interest revenues2,754 33,081 12,674 
Interest income8,367 3,695 4,020 
Interest expense9,428 4,570 5,861 
Net interest loss(1,061)(875)(1,841)
Total net revenues1,693 32,206 10,833 
Operating expenses
Compensation and benefits328 750 367 
Other expenses685 1,005 3,339 
Total operating expenses1,013 1,755 3,706 
Pre-tax earnings680 30,451 7,127 
Benefit for taxes(1,398)(551)(696)
Undistributed earnings/(loss) of subsidiaries
and other affiliates9,183 (9,367)1,636 
Net earnings11,261 21,635 9,459 
Preferred stock dividends497 484 544 
Net earnings applicable to common shareholders
$10,764 $21,151 $8,915 
Supplemental Disclosures:
In the condensed statements of earnings above, revenues and expenses included the following with subsidiaries and other affiliates:
•Dividends from bank subsidiaries included cash dividends of $97 million for 2022, $16.99 billion for 2021 and $38 million for 2020.
•Dividends from nonbank subsidiaries and other affiliates included cash dividends of $6.14 billion for 2022, $15.14 billion for 2021 and $11.32 billion for 2020.
•Other revenues included $(3.34) billion for 2022, $(1.01) billion for 2021 and $2.62 billion for 2020.
•Interest income included $7.47 billion for 2022, $3.39 billion for 2021 and $3.68 billion for 2020.
•Interest expense included $3.80 billion for 2022, $1.24 billion for 2021 and $1.73 billion for 2020.
•Other expenses included $116 million for 2022, $113 million for 2021 and $100 million for 2020.
Group Inc. - Condensed Balance Sheets Group Inc. – Condensed Balance Sheets
As of December
$ in millions20222021
Assets
Cash and cash equivalents:
With third-party banks$35 $47 
With subsidiary bank46 2 
Loans to and receivables from subsidiaries:
Bank3,545 1,024 
Nonbank ($4,825 and $7,638 at fair value)
259,402 273,416 
Investments in subsidiaries and other affiliates:
Bank49,533 43,021 
Nonbank85,058 75,883 
Trading assets (at fair value)5,431 4,663 
Investments ($23,894 and $22,525 at fair value)
69,483 26,078 
Other assets6,576 6,098 
Total assets$479,109 $430,232 
Liabilities and shareholders’ equity
Repurchase agreements with subsidiaries (at fair value)$66,839 $– 
Secured borrowings with subsidiaries16,749 50,805 
Payables to subsidiaries510 1,357 
Trading liabilities (at fair value)2,544 1,116 
Unsecured short-term borrowings:
With third parties ($5,002 and $1,215 at fair value)
23,823 11,127 
With subsidiaries4,328 3,687 
Unsecured long-term borrowings:
With third parties ($22,422 and $17,690 at fair value)
185,972 208,796 
With subsidiaries57,565 40,405 
Other liabilities3,590 3,013 
Total liabilities361,920 320,306 
Commitments, contingencies and guarantees
Shareholders' equity
Preferred stock10,703 10,703 
Common stock9 9 
Share-based awards5,696 4,211 
Additional paid-in capital59,050 56,396 
Retained earnings139,372 131,811 
Accumulated other comprehensive loss(3,010)(2,068)
Stock held in treasury, at cost(94,631)(91,136)
Total shareholders’ equity117,189 109,926 
Total liabilities and shareholders’ equity$479,109 $430,232 
Group Inc. - Condensed Statements of Cash Flows Group Inc. – Condensed Statements of Cash Flows
Year Ended December
$ in millions202220212020
Cash flows from operating activities
Net earnings$11,261 $21,635 $9,459 
Adjustments to reconcile net earnings to net
cash provided by operating activities:
Undistributed (earnings)/loss of
subsidiaries and other affiliates(9,183)9,367 (1,636)
Depreciation and amortization9 9 6 
Deferred income taxes(1,523)(241)(160)
Share-based compensation378 335 127 
Gain on extinguishment of
unsecured borrowings– – (1)
Changes in operating assets and liabilities:
Collateralized transactions (excluding
secured borrowings, net)66,839 – 332 
Trading assets(23,451)(10,273)3,484 
Trading liabilities1,428 796 (97)
Other, net5,933 (5,213)(1,492)
Net cash provided by operating activities51,691 16,415 10,022 
Cash flows from investing activities
Purchase of property, leasehold
improvements and equipment(64)(13)(26)
Repayments/(issuances) of short-term loans
to subsidiaries, net2,210 (9,951)7,021 
Issuance of term loans to subsidiaries(1,859)(37,260)(32,472)
Repayments of term loans by subsidiaries2,311 10,059 29,568 
Purchase of investments(47,247)(16,964)(3,767)
Sales/paydowns of investments3,162 10,896 4,135 
Capital contributions to subsidiaries, net(5,665)(23,978)(5,617)
Net cash used for investing activities(47,152)(67,211)(1,158)
Cash flows from financing activities
Secured borrowings with subsidiary, net(36,389)12,346 (6,360)
Unsecured short-term borrowings, net:
With third parties13 (683)(1,372)
With subsidiaries27,803 7,007 12,603 
Issuance of unsecured long-term borrowings78,803 73,164 24,789 
Repayment of unsecured long-term borrowings(65,960)(31,588)(33,432)
Purchase of Trust Preferred securities– – (11)
Preferred stock redemption– (2,675)(350)
Common stock repurchased(3,500)(5,200)(1,928)
Settlement of share-based awards in
satisfaction of withholding tax requirements(1,595)(985)(830)
Dividends and dividend equivalents paid on
stock and share-based awards(3,682)(2,725)(2,336)
Issuance of preferred stock, net of costs– 2,172 349 
Other financing, net– (14)– 
Net cash provided by/(used for) financing
activities(4,507)50,819 (8,878)
Net increase/(decrease) in cash and cash
equivalents32 23 (14)
Cash and cash equivalents, beginning balance49 26 40 
Cash and cash equivalents, ending balance$81 $49 $26