Other Assets

12 Months Ended

Dec. 31, 2025

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, 2025		December 31, 2024
Securities borrowed(1)	$	38,233	$	37,451
Derivative instruments, net	4,155		11,183
Bank-owned life insurance	3,965		3,856
Investments in joint ventures and other unconsolidated entities(2)	3,753		3,317
Collateral, net	1,603		3,216
Right-of-use assets	865		818
Prepaid expenses	837		738
Deferred tax assets, net of valuation allowance(3)	627		701
Accounts receivable	621		504
Income taxes receivable	256		144
Receivable for securities settlement	102		57
Other(4)	3,451		2,529
Total	$	58,468	$	64,514

(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) Includes equity securities without readily determinable fair values that are accounted for under the ASC 321 measurement alternative of $585 million and $341 million as of December 31, 2025 and 2024, respectively. For the year ended December 31, 2025, no impairments were recognized in other fee revenue related to such equity securities.

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

(4) Includes advances of $1.57 billion and capitalized costs to fulfill contracts with customers of $1.19 billion as of December 31, 2025, compared to $1.04 billion and $0.92 billion, respectively, as of December 31, 2024.