Commitments, Guarantees and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments


	Years to Maturity at December 31, 2021
$ in millions	Less than 1		1-3		3-5		Over 5		Total
Lending:
Corporate	$	12,649	$	32,475	$	48,232	$	9,729	$	103,085
Secured lending facilities	5,807		5,108		1,819		682		13,416
Commercial and Residential real estate	1,213		945		28		254		2,440
Securities-based lending and Other	11,989		2,970		530		504		15,993
Forward-starting secured financing receivables	45,969		—		—		—		45,969
Central counterparty	300		—		—		11,870		12,170

Investment activities	1,195		184		50		372		1,801
Letters of credit and other financial guarantees	26		—		—		3		29
Total	$	79,148	$	41,682	$	50,659	$	23,414	$	194,903
Lending commitments participated to third parties									$	7,753
Forward-starting secured financing receivables settled within three business days									$	32,847

Schedule of Obligations under Guarantee Arrangements


	At December 31, 2021
	Maximum Potential Payout/Notional of Obligations by Years to Maturity				Carrying Amount Asset (Liability)
$ in millions	Less than 1	1-3	3-5	Over 5


Non-credit derivatives1	1,217,083	918,456	332,329	845,220	(48,231)
Standby letters of credit and other financial guarantees issued2	1,354	1,068	862	2,701	45
Market value guarantees	88	2	—	—	—
Liquidity facilities	4,100	—	—	—	5
Whole loan sales guarantees	—	—	77	23,104	—
Securitization representations and warranties3	—	—	—	79,437	(42)
General partner guarantees	341	11	32	152	(77)
Client clearing guarantees	51	—	—	—	—

1.The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivative contracts, see Note 7.

2.These amounts include certain issued standby letters of credit participated to third parties, totaling $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of December 31, 2021, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $84 million.

3.Related to commercial and residential mortgage securitizations.

Schedule of Legal Expenses


$ in millions	2021		2020		2019
Legal expenses	$	157	$	336	$	221