Other Assets

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Assets

Other Assets

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

(In millions)	December 31, 2019		December 31, 2018
Securities borrowed(1)	$	18,524	$	19,575
Derivative instruments, net	4,753		5,189
Bank-owned life insurance	3,395		3,323
Investments in joint ventures and other unconsolidated entities	2,899		2,882
Collateral, net	874		1,354
Right-of-use assets(2)	858		—
Accounts receivable	432		308
Prepaid expenses	395		493
Receivable for securities settlement	336		531
Income taxes receivable	309		129
Deferred tax assets, net of valuation allowance(3)	216		113
Deposits with clearing organizations	58		58
Other	962		834
Total	$	34,011	$	34,789

⁽¹⁾ Refer to Note 11, for further information on the impact of collateral on our financial statement presentation of securities borrowing and securities lending transactions.

⁽²⁾ 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.

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