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Other Assets (Tables)
3 Months Ended
Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
Equity Method Investments
$ in millionsAt
March 31,
2024
At
December 31,
2023
Investments$1,811 $1,915 
 Three Months Ended
March 31,
$ in millions20242023
Income (loss)$56 $25 
Schedule of Joint Ventures
Japanese Securities Joint Venture
 Three Months Ended
March 31,
$ in millions20242023
Income (loss) from investment in MUMSS$40 $29 
Summary of Tax Equity Investments under the Proportional Amortization Method
Tax Equity Investments under the Proportional Amortization Method
$ in millionsAt
March 31,
2024
At
December 31,
2023
Low-income housing$1,764 $1,699 
Renewable energy and other1
39 — 
Total2
$1,803 $1,699 
1.Prior to adoption of the Investments - Tax Credit Structures accounting update on January 1, 2024, Renewable energy and other investments were accounted for under the equity method.
2.At March 31, 2024, this amount excludes $46 million of tax equity investments within programs for which the Firm elected the proportional amortization method that do not meet the conditions to apply the proportional amortization method, which are accounted for as equity method investments.
Summary of Net Benefits Attributable to Tax Equity Investments under the Proportional Amortization Met
Net Benefits Attributable to Tax Equity Investments under the Proportional Amortization Method
Three Months Ended
March 31,
$ in millions20242023
Income tax credits and other income tax benefits$75 $71 
Proportional amortization(60)(49)
Net benefits$15 $22