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Commitments, Leases, Guarantees and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments
Commitments
 
Years to Maturity at September 30, 2019
 
$ in millions
Less
than 1
1-3
3-5
Over 5
Total
Lending:
 
 
 
 
Corporate
$
23,252

$
33,207

$
48,734

$
5,447

$
110,640

Consumer
7,769

6

12

—

7,787

Residential and commercial
real estate
380

1,148

75

277

1,880

Forward-starting
secured financing receivables
75,785

635

—

11,612

88,032

Underwriting
561

—

—

—

561

Investment activities
508

131

50

250

939

Letters of credit and other financial guarantees
189

2

—

2

193

Total
$
108,444

$
35,129

$
48,871

$
17,588

$
210,032

Corporate lending commitments participated to third parties
$
7,867

Forward-starting secured financing receivables settled within three business days
$
60,893
Schedule of Balance Sheet Amounts Related to Leases
Balance Sheet Amounts Related to Leases
$ in millions
At
September 30,
2019
Other assets—ROU assets
$
3,825

Other liabilities and accrued expenses—
 
Lease liabilities
4,535

Weighted average:
 
Remaining lease term, in years
9.6

Discount rate
3.7
%
Schedule of Lease Liabilities
Lease Liabilities
$ in millions
At
September 30,
2019
Remainder of 2019
$
185

2020
719

2021
659

2022
606

2023
554

Thereafter
2,817

Total undiscounted cash flows
$
5,540

Imputed interest
(1,005
)
Amount on balance sheet
$
4,535
Schedule of Lease Cost
Lease Costs
$ in millions
Three Months Ended
September 30, 2019
Nine Months Ended
September 30, 2019
Fixed costs
$
173

$
499

Variable costs1
33

115

Less: Sublease income
(1
)
(3
)
Total lease cost, net
$
205

$
611



1.
Includes common area maintenance charges and other variable costs not included in the measurement of ROU assets and lease liabilities.
Schedule of Cash Flows Statement Supplemental Information
Cash Flows Statement Supplemental Information
$ in millions
Three Months Ended
September 30, 2019
Nine Months Ended
September 30, 2019
Cash outflows—Lease liabilities
$
177

$
509

Non-cash—ROU assets recorded for new and modified leases
104

215
Schedule of Minimum Future Lease Commitments (under Previous GAAP)
Minimum Future Lease Commitments (under Previous GAAP)
$ in millions
At
December 31,
2018
2019
$
677

2020
657

2021
602

2022
555

2023
507

Thereafter
2,639

Total undiscounted cash flows
$
5,637

Minimum rental income to be received in the future under non-cancelable operating subleases
$
7
Schedule of Obligations under Guarantee Arrangements
Obligations under Guarantee Arrangements at September 30, 2019
 
Maximum Potential Payout/Notional
 
Years to Maturity
 
$ in millions
Less than 1
1-3
3-5
Over 5
Total
Credit derivatives
$
33,594

$
40,198

$
96,188

$
59,432

$
229,412

Other credit contracts
—

—

—

116

116

Non-credit derivatives
1,715,003

1,467,985

434,155

673,378

4,290,521

Standby letters of credit and other financial guarantees issued1
1,018

886

1,410

4,217

7,531

Market value guarantees
85

89

1

—

175

Liquidity facilities
4,545

—

—

—

4,545

Whole loan sales guarantees
—

—

—

23,196

23,196

Securitization representations and warranties
—

—

—

66,530

66,530

General partner guarantees
65

127

12

71

275

Client clearing guarantees
9,746

—

—

—

9,746

$ in millions
Carrying
Amount
Asset
(Liability)
Collateral/
Recourse
Credit derivatives2
$
789

$
—

Other credit contracts
(18
)
—

Non-credit derivatives2
(76,165
)
—

Standby letters of credit and other financial guarantees issued1
224

6,488

Market value guarantees
—

72

Liquidity facilities
6

7,925

Whole loan sales guarantees
—

—

Securitization representations and warranties3
(42
)
—

General partner guarantees
(44
)
—

Client clearing guarantees
—

9,745


1.
These amounts include certain issued standby letters of credit participated to third parties, totaling $0.6 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements.
2.
The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. Therefore the collateral or recourse available to the firm in the form of cash collateral and counterparty netting is not reflected in the Collateral/Recourse amounts above. For further information on derivative contracts, including the effects of cash collateral and counterparty netting, see Note 4.
3.
Primarily related to residential mortgage securitizations.