The following table presents the components of other assets as of the dates indicated:



(In millions)	June 30, 2018		December 31, 2017
Securities borrowed⁽¹⁾	$	22,789	$	19,404
Derivative instruments, net	6,151		4,013
Bank-owned life insurance	3,285		3,242
Investments in joint ventures and other unconsolidated entities⁽²⁾	2,791		2,259
Collateral, net	2,263		473
Receivable for securities settlement	813		188
Prepaid expenses	425		364
Accounts receivable	339		348
Deposits with clearing organizations	131		120
Deferred tax assets, net of valuation allowance⁽³⁾	109		113
Income taxes receivable	44		97
Other⁽⁴⁾	414		397
Total	$	39,554	$	31,018

⁽¹⁾ Refer to Note 8 for further information on the impact of collateral on our financial statement presentation of securities borrowing and securities lending transactions.

⁽²⁾ Includes certain equity securities held at fair value through profit and loss that were transferred from AFS as part of our adoption of ASU 2016-01. Refer to Note 1 for further information on this new accounting standard.

⁽³⁾Deferred tax assets and liabilities recorded in our consolidated statement of condition are netted within the same tax jurisdiction.

⁽⁴⁾Includes amounts held in escrow accounts at third parties related to the negotiated settlements in the transition management legal matter presented in Note 10.