Other Assets

9 Months Ended

Sep. 30, 2019

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



(In millions)	September 30, 2019		December 31, 2018
Securities borrowed⁽¹⁾	$	22,669	$	19,575
Derivative instruments, net	5,040		5,189
Bank-owned life insurance	3,388		3,323
Investments in joint ventures and other unconsolidated entities⁽²⁾	3,064		2,882
Accounts receivable	889		308
Right-of-use assets⁽³⁾	834		—
Collateral, net	707		1,354
Prepaid expenses	430		493
Receivable for securities settlement	429		531
Income taxes receivable	119		129
Deferred tax assets, net of valuation allowance⁽⁴⁾	95		113
Deposits with clearing organizations	58		58
Other	1,127		834
Total	$	38,849	$	34,789

⁽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.