Total Equity (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Preferred Stock Outstanding and Preferred Stock Dividends

Preferred Stock

	Shares Outstanding			Carrying Value
$ in millions, except per share data	At March 31, 2022	Liquidation Preference per Share		At March 31, 2022		At December 31, 2021
Series
A	44,000	$	25,000	$	1,100	$	1,100
C1	519,882	1,000		408		408
E	34,500	25,000		862		862
F	34,000	25,000		850		850
I	40,000	25,000		1,000		1,000
K	40,000	25,000		1,000		1,000
L	20,000	25,000		500		500
M	400,000	1,000		430		430
N	3,000	100,000		300		300
O	52,000	25,000		1,300		1,300
Total				$	7,750	$	7,750
Shares authorized						30,000,000

1.Series C preferred stock is held by MUFG.

Dividends

$ in millions, except per share data	Three Months Ended March 31, 2022				Three Months Ended March 31, 2021
	Per Share1		Total		Per Share1		Total
Preferred stock series
A	$	242	$	11	$	250	$	11
C	25		13		25		13
E	445		15		445		15
F	430		14		430		14
H2	—		—		241		13
I	398		16		398		16
J3	—		—		253		15
K	366		15		366		15
L	305		6		305		6
M4	29		12		29		12
N5	2,650		8		2,650		8
O6	266		14		—		—
Total Preferred stock			$	124			$	138
Common stock	$	0.70	$	1,252	$	0.35	$	635

1.Common and Preferred Stock dividends are payable quarterly unless otherwise noted.

2.A notice of redemption was issued for Series H preferred stock on November 19, 2021.

3.Series J was payable semiannually until July 15, 2020, after which it was payable quarterly until its redemption.

4.Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly.

5.Series N is payable semiannually until March 15, 2023 and thereafter will be payable quarterly.

6.Series O is payable semiannually until January 15, 2027 and thereafter will be payable quarterly.

Schedule of Share Repurchases

Share Repurchases

	Three Months Ended March 31,
$ in millions	2022		2021
Repurchases of common stock under the Firm’s Share Repurchase Program	$	2,872	$	2,135

Schedule of Common Shares Outstanding for Basic and Diluted EPS

Common Shares Outstanding for Basic and Diluted EPS

	Three Months Ended March 31,
in millions	2022	2021
Weighted average common shares outstanding, basic	1,733	1,795
Effect of dilutive RSUs and PSUs	22	23
Weighted average common shares outstanding and common stock equivalents, diluted	1,755	1,818
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS)	5	1

Schedule of Common Stock Dividends Per Share

Dividends

$ in millions, except per share data	Three Months Ended March 31, 2022				Three Months Ended March 31, 2021
	Per Share1		Total		Per Share1		Total
Preferred stock series
A	$	242	$	11	$	250	$	11
C	25		13		25		13
E	445		15		445		15
F	430		14		430		14
H2	—		—		241		13
I	398		16		398		16
J3	—		—		253		15
K	366		15		366		15
L	305		6		305		6
M4	29		12		29		12
N5	2,650		8		2,650		8
O6	266		14		—		—
Total Preferred stock			$	124			$	138
Common stock	$	0.70	$	1,252	$	0.35	$	635

1.Common and Preferred Stock dividends are payable quarterly unless otherwise noted.

2.A notice of redemption was issued for Series H preferred stock on November 19, 2021.

3.Series J was payable semiannually until July 15, 2020, after which it was payable quarterly until its redemption.

4.Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly.

5.Series N is payable semiannually until March 15, 2023 and thereafter will be payable quarterly.

6.Series O is payable semiannually until January 15, 2027 and thereafter will be payable quarterly.

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)1

$ in millions	CTA		AFS Securities		Pension and Other		DVA		Total
December 31, 2021	$	(1,002)	$	245	$	(551)	$	(1,794)	$	(3,102)
OCI during the period	(48)		(2,395)		5		638		(1,800)
March 31, 2022	$	(1,050)	$	(2,150)	$	(546)	$	(1,156)	$	(4,902)
December 31, 2020	$	(795)	$	1,787	$	(498)	$	(2,456)	$	(1,962)
OCI during the period	(141)		(776)		5		120		(792)
March 31, 2021	$	(936)	$	1,011	$	(493)	$	(2,336)	$	(2,754)

CTA—Cumulative foreign currency translation adjustments

1.Amounts are net of tax and noncontrolling interests.

Schedule of Components of Period Changes in OCI

Components of Period Changes in OCI

	Three Months Ended March 31, 2022
$ in millions	Pre-tax Gain (Loss)		Income Tax Benefit (Provision)		After-tax Gain (Loss)		Non- controlling Interests		Net
CTA
OCI activity	$	(60)	$	(45)	$	(105)	$	(57)	$	(48)
Reclassified to earnings	—		—		—		—		—
Net OCI	$	(60)	$	(45)	$	(105)	$	(57)	$	(48)
Change in net unrealized gains (losses) on AFS securities
OCI activity	$	(3,084)	$	723	$	(2,361)	$	—	$	(2,361)
Reclassified to earnings	(44)		10		(34)		—		(34)
Net OCI	$	(3,128)	$	733	$	(2,395)	$	—	$	(2,395)
Pension and other
OCI activity	$	—	$	—	$	—	$	—	$	—
Reclassified to earnings	5		—		5		—		5
Net OCI	$	5	$	—	$	5	$	—	$	5
Change in net DVA
OCI activity	$	871	$	(211)	$	660	$	22	$	638
Reclassified to earnings	—		—		—		—		—
Net OCI	$	871	$	(211)	$	660	$	22	$	638

	Three Months Ended March 31, 2021
$ in millions	Pre-tax Gain (Loss)		Income Tax Benefit (Provision)		After-tax Gain (Loss)		Non- controlling Interests		Net
CTA
OCI activity	$	(104)	$	(115)	$	(219)	$	(78)	$	(141)
Reclassified to earnings	—		—		—		—		—
Net OCI	$	(104)	$	(115)	$	(219)	$	(78)	$	(141)
Change in net unrealized gains (losses) on AFS securities
OCI activity	$	(876)	$	203	$	(673)	$	—	$	(673)
Reclassified to earnings	(134)		31		(103)		—		(103)
Net OCI	$	(1,010)	$	234	$	(776)	$	—	$	(776)
Pension and other
OCI activity	$	—	$	—	$	—	$	—	$	—
Reclassified to earnings	7		(2)		5		—		5
Net OCI	$	7	$	(2)	$	5	$	—	$	5
Change in net DVA
OCI activity	$	167	$	(43)	$	124	$	17	$	107
Reclassified to earnings	17		(4)		13		—		13
Net OCI	$	184	$	(47)	$	137	$	17	$	120