Unsecured Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Unsecured Borrowings

The table below presents information about unsecured borrowings.

	As of
$ in millions		March 2020	December 2019
Unsecured short-term borrowings		$  37,148	$  48,287
Unsecured long-term borrowings		225,476	207,076
Total		$262,624	$255,363

Unsecured Short-Term Borrowings

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

	As of
$ in millions		March 2020	December 2019
Current portion of unsecured long-term borrowings		$22,532	$  30,636
Hybrid financial instruments		12,635	15,814
Other unsecured short-term borrowings		1,981	1,837
Total unsecured short-term borrowings		$37,148	$  48,287
Weighted average interest rate		2.22%	2.71%

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 March 2020
Fixed-rate obligations	$107,774	$39,008	$146,782
Floating-rate obligations	47,041	31,653	78,694
Total	$154,815	$70,661	$225,476
As of December 2019
Fixed-rate obligations	$  92,846	$36,185	$129,031
Floating-rate obligations	47,850	30,195	78,045
Total	$140,696	$66,380	$207,076

Unsecured Long-Term Borrowings by Maturity Date

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

$ in millions	As of March 2020
2021	$  24,653
2022	25,114
2023	28,607
2024	19,162
2025	23,720
2026 - thereafter	104,220
Total	$225,476

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		March 2020	December 2019
Fixed-rate obligations:
At fair value		$    1,385	$       725
At amortized cost		50,062	47,577
Floating-rate obligations:
At fair value		41,928	42,936
At amortized cost		132,101	115,838
Total		$225,476	$207,076

Subordinated Long-Term Borrowings

The table below presents information about subordinated borrowings.

$ in millions	Par Amount	Carrying Value	Rate
As of March 2020
Subordinated debt	$13,797	$19,199	3.30%
Junior subordinated debt	968	1,499	2.71%
Total	$14,765	$20,698	3.26%
As of December 2019
Subordinated debt	$14,041	$16,980	3.46%
Junior subordinated debt	976	1,328	2.85%
Total	$15,017	$18,308	3.42%