Other Assets (Tables)

3 Months Ended

Mar. 31, 2019

Other Assets [Abstract]

Components of Other Assets

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

(In millions)	March 31, 2019		December 31, 2018
Securities borrowed(1)	$	23,929	$	19,575
Derivative instruments, net	4,178		5,189
Bank-owned life insurance	3,345		3,323
Investments in joint ventures and other unconsolidated entities(2)	2,668		2,882
Receivable for securities settlement	969		531
Collateral, net	903		1,354
Right-of-use assets(3)	899		—
Accounts receivable	760		343
Prepaid expenses	520		493
Income taxes receivable	100		129
Deferred tax assets, net of valuation allowance(4)	100		113
Deposits with clearing organizations	58		58
Other	470		414
Total	$	38,899	$	34,404

⁽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.

⁽³⁾ We adopted ASU 2016-02, Leases (Topic 842) and relevant amendments, effective January 1, 2019. Refer to Note 1 for further information on this new accounting standard.

⁽⁴⁾ Deferred tax assets and liabilities recorded in our consolidated statement of condition are netted within the same tax jurisdiction.