Fair Value Option (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Option

$ in millions	At December 31, 2021		At December 31, 2020
Business Unit Responsible for Risk Management
Equity	$	37,046	$	33,952
Interest rates	28,638		31,222
Commodities	7,837		5,078
Credit	1,347		1,344
Foreign exchange	1,472		2,105
Total	$	76,340	$	73,701

$ in millions	2021		2020		2019
Trading revenues	$	899	$	(5,135)	$	(6,932)
Interest expense	305		341		375
Net revenues1	$	594	$	(5,476)	$	(7,307)

1.Amounts do not reflect any gains or losses from related economic hedges.

$ in millions	Trading Revenues		OCI
2021
Loans and other receivables1	$	278	$	—
Lending commitments	2		—
Deposits	—		17
Borrowings	(36)		901
2020
Loans and other receivables1	$	(116)	$	—
Lending commitments	(3)		—
Deposits	—		(19)
Borrowings	(26)		(1,340)
2019
Loans and other receivables1	$	223	$	—
Lending commitments	(2)		—
Deposits	—		(30)
Borrowings	(11)		(2,140)
Other	—		—

$ in millions	At December 31, 2021		At December 31, 2020
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$	(2,439)	$	(3,357)

1.Loans and other receivables-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses.

$ in millions	At December 31, 2021		At December 31, 2020
Loans and other receivables2	$	12,633	$	14,042
Nonaccrual loans2	9,999		11,551
Borrowings3	(2,106)		(3,773)

1.Amounts indicate contractual principal greater than or (less than) fair value.

2.The majority of the difference between principal and fair value amounts for loans and other receivables relates to distressed debt positions purchased at amounts well below par.

3.Excludes borrowings where the repayment of the initial principal amount fluctuates based on changes in a reference price or index.

$ in millions	At December 31, 2021		At December 31, 2020
Nonaccrual loans	$	989	$	1,407
Nonaccrual loans 90 or more days past due	$	363	$	239