Other Assets

12 Months Ended

Dec. 31, 2021

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, 2021		December 31, 2020
Securities borrowed(1)	$	22,300	$	18,330
Derivative instruments, net	4,108		5,804
Bank-owned life insurance	3,554		3,479
Investments in joint ventures and other unconsolidated entities	3,162		3,095
Collateral, net	1,011		2,616
Prepaid expenses	612		383
Right-of-use assets	542		720
Income taxes receivable	317		367
Deferred tax assets, net of valuation allowance(2)	254		233
Accounts receivable	236		379
Receivable for securities settlement	213		117
Deposits with clearing organizations	62		58
Other(3)	1,244		929
Total	$	37,615	$	36,510

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

(3) Includes advances of $544 million and $460 million as of December 31, 2021 and December 31, 2020, respectively.