Long-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Long-Term Borrowings

The table below presents information about long-term borrowings.

	As of
$ in millions		September 2019	December 2018
Other secured financings (long-term)		$  11,845	$  11,878
Unsecured long-term borrowings		216,878	224,149
Total		$228,723	$236,027

Unsecured Long-Term Borrowings

The table below presents information about unsecured long-term borrowings.

$ in millions	U.S. Dollar	Non-U.S. Dollar	Total
As of September 2019
Fixed-rate obligations	$  96,921	$35,721	$132,642
Floating-rate obligations	52,452	31,784	84,236
Total	$149,373	$67,505	$216,878
As of December 2018
Fixed-rate obligations	$  99,935	$36,654	$136,589
Floating-rate obligations	54,321	33,239	87,560
Total	$154,256	$69,893	$224,149

Unsecured Long-Term Borrowings by Maturity Date

The table below presents unsecured long-term borrowings by maturity.

$ in millions	As of September 2019
2020	$    7,784
2021	24,466
2022	24,943
2023	26,875
2024	18,883
2025 - thereafter	113,927
Total	$216,878

Unsecured Long-Term Borrowings after Hedging

The table below presents unsecured long-term borrowings, after giving effect to such hedging activities.

	As of
$ in millions		September 2019	December 2018
Fixed-rate obligations:
At fair value		$       711​​​​​​​	$         28
At amortized cost		50,114	74,552
Floating-rate obligations:
At fair value		46,336	46,556
At amortized cost		119,717	103,013
Total		$216,878	$224,149

Subordinated Long-Term Borrowings

The table below presents information about subordinated borrowings.

$ in millions	Par Amount	Carrying Value	Rate
As of September 2019
Subordinated debt	$13,966	$17,696	3.61%
Junior subordinated debt	1,140	1,617	3.16%
Total	$15,106	$19,313	3.58%
As of December 2018
Subordinated debt	$14,023	$15,703	4.09%
Junior subordinated debt	1,140	1,425	3.19%
Total	$15,163	$17,128	4.02%