Guarantees and Other Commitments (Tables)

12 Months Ended

Dec. 31, 2025

Guarantees [Abstract]

Guarantees – Carrying Value and Maximum Exposure to Loss

Table 16.1 shows carrying value and maximum exposure to loss on our guarantees.

Table 16.1: Guarantees – Carrying Value and Maximum Exposure to Loss


									Maximum exposure to loss
(in millions)			Carrying value of obligation						Expires in one year or less						Expires after one year through three years						Expires after three years through five years						Expires after five years						Total						Non-investment grade
December 31, 2025
Standby letters of credit (1)			$	98					13,967						6,550						1,814						15						22,346						7,315
Direct pay letters of credit (1)			5						588						1,836						353						88						2,865						488
Loans and LHFS sold with recourse			91						1,362						3,214						3,385						6,378						14,339						10,910
Exchange and clearing house guarantees			—						98,106						—						—						—						98,106						—
Other guarantees and indemnifications			69						4,418						1,521						370						1,663						7,972						979
Total guarantees			$	263					118,441						13,121						5,922						8,144						145,628						19,692
December 31, 2024
Standby letters of credit (1)			$	90					13,311						6,951						1,538						17						21,817						7,198
Direct pay letters of credit (1)			2						1,818						1,051						108						92						3,069						766
Loans and LHFS sold with recourse			82						593						3,089						3,969						6,223						13,874						10,660
Exchange and clearing house guarantees			—						38,852						—						—						—						38,852						—
Other guarantees and indemnifications			36						1,888						496						124						553						3,061						1,022
Total guarantees			$	210					56,462						11,587						5,739						6,885						80,673						19,646

(1)Standby and direct pay letters of credit are reported net of syndications and participations.