Commitments, Guarantees and Contingencies (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments


	Years to Maturity at September 30, 2022
$ in millions	Less than 1		1-3		3-5		Over 5		Total
Lending:
Corporate	$	11,654	$	29,955	$	54,877	$	6,105	$	102,591
Secured lending facilities	6,297		6,007		1,814		775		14,893
Commercial and Residential real estate	103		339		18		296		756
Securities-based lending and Other	12,415		5,012		548		390		18,365
Forward-starting secured financing receivables	62,091		—		—		—		62,091
Central counterparty	300		—		—		4,909		5,209
Underwriting	2,350		—		—		—		2,350
Investment activities	1,479		169		65		351		2,064
Letters of credit and other financial guarantees	168		—		—		2		170
Total	$	96,857	$	41,482	$	57,322	$	12,828	$	208,489
Lending commitments participated to third parties									$	7,877
Forward-starting secured financing receivables settled within three business days									$	45,666

Schedule of Obligations under Guarantee Arrangements

Guarantees


	At September 30, 2022
	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	$	1,168,376	$	917,531	$	351,872	$	759,598	$	(107,603)
Standby letters of credit and other financial guarantees issued2	1,641		826		1,310		2,672		6
Market value guarantees	5		2		—		—		—
Liquidity facilities	3,712		—		—		—		(6)
Whole loan sales guarantees	—		9		78		23,079		—
Securitization representations and warranties3	—		—		—		80,236		(3)
General partner guarantees	361		10		32		157		(88)
Client clearing guarantees	159		—		—		—		—

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 derivatives contracts, see Note 6.

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 September 30, 2022, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $74 million.

3.Related to commercial and residential mortgage securitizations.

Schedule of Litigation Expenses

While the Firm has identified below any individual proceedings where the Firm believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or those where potential losses have not yet been determined to be probable or possible and reasonably estimable.


	Three Months Ended September 30,				Nine Months Ended September 30,
$ in millions	2022		2021		2022		2021
Legal expenses	$	41	$	50	$	387	$	99