Fair Value Measurements

3 Months Ended

Mar. 31, 2026


Note 11: Fair Value Measurements

We use fair value measurements to recognize fair value adjustments to certain assets and liabilities and to fulfill fair value disclosure requirements. Assets and liabilities recognized at fair value on a recurring basis are presented in Table 11.1 in this Note. Additionally, from time to time, we recognize fair value adjustments on a nonrecurring basis. These nonrecurring adjustments typically involve application of an accounting method such as lower of cost or fair value (LOCOM) and the measurement alternative, or write-downs of individual assets. Assets recognized at fair value on a nonrecurring basis are presented in Table 11.4 in this Note. We provide in Table 11.9 estimates of fair value for financial instruments that are not recognized at fair value, such as loans and debt liabilities carried at amortized cost.

See Note 1 (Summary of Significant Accounting Policies) in our 2025 Form 10-K for a discussion of how we determine fair value. For descriptions of the valuation methodologies we use for assets and liabilities recorded at fair value on a recurring or nonrecurring basis, see Note 14 (Fair Value Measurements) in our 2025 Form 10-K.

FAIR VALUE HIERARCHY. We classify our assets and liabilities recognized at fair value as either Level 1, 2, or 3 in the fair value hierarchy. The highest priority (Level 1) is assigned to valuations based on unadjusted quoted prices in active markets and the lowest priority (Level 3) is assigned to valuations that include one or more significant unobservable inputs. See Note 1 (Summary of Significant Accounting Policies) in our 2025 Form 10-K for a detailed description of the fair value hierarchy.

In the determination of the classification of financial instruments in Level 2 or Level 3 of the fair value hierarchy, we consider all available information, including observable market data, indications of market liquidity and orderliness of transactions, and our understanding of the valuation techniques and significant inputs used. This determination is ultimately based upon the specific facts and circumstances of each instrument or instrument category and judgments are made regarding the significance of the unobservable inputs to the instruments’ fair value measurement in its entirety. If one or more unobservable inputs is considered significant, the instrument is classified as Level 3.

We do not classify nonmarketable equity securities in the fair value hierarchy if we use the non-published net asset value (NAV) per share (or its equivalent) as a practical expedient to measure fair value. Marketable equity securities with published NAVs are classified in the fair value hierarchy.

Assets and Liabilities Recognized at Fair Value on a Recurring Basis

Table 11.1 presents the balances of assets and liabilities recognized at fair value on a recurring basis.

Table 11.1: Fair Value on a Recurring Basis


	March 31, 2026						December 31, 2025
(in millions)	Level 1		Level 2	Level 3	Total		Level 1	Level 2	Level 3	Total
Trading assets:
Debt securities:
Securities of U.S. Treasury and federal agencies	$	58,601	5,110	2	63,713		51,376	3,421	—	54,797
Collateralized loan obligations	—		941	69	1,010		—	859	77	936
Corporate debt securities	—		18,497	22	18,519		—	19,349	15	19,364
Federal agency mortgage-backed securities	—		66,136	—	66,136		—	69,836	—	69,836
Non-agency mortgage-backed securities	—		1,629	—	1,629		—	1,692	1	1,693
Other debt securities	—		8,074	3	8,077		—	7,236	—	7,236
Total trading debt securities	58,601		100,387	96	159,084		51,376	102,393	93	153,862
Equity securities	20,147		5,159	4	25,310		32,322	5,948	4	38,274
Physical commodities inventory	3,634		6,931	—	10,565		3,430	5,677	—	9,107
Trading loans	—		4,302	119	4,421		—	4,813	69	4,882
Derivative assets (gross):
Interest rate contracts	51		22,713	239	23,003		58	21,985	300	22,343
Commodity contracts	400		8,134	256	8,790		38	3,096	113	3,247
Equity contracts	—		19,169	302	19,471		—	20,636	152	20,788
Foreign exchange contracts	—		48,157	5	48,162		—	38,069	2	38,071
Credit contracts	—		114	4	118		—	51	30	81
Total derivative assets (gross)	451		98,287	806	99,544		96	83,837	597	84,530
Total trading assets prior to derivative netting	$	82,833	215,066	1,025	298,924		87,224	202,668	763	290,655
Derivative netting (1)					(77,213)					(62,720)
Total trading assets after derivative netting					$	221,711				227,935
Available-for-sale debt securities:
Securities of U.S. Treasury and federal agencies	$	57,687	—	—	57,687		51,809	—	—	51,809

Securities of U.S. states and political subdivisions	—		9,930	13	9,943		—	10,383	14	10,397
Federal agency mortgage-backed securities	—		144,822	—	144,822		—	140,080	—	140,080
Non-agency mortgage-backed securities	—		1,857	1	1,858		—	2,124	2	2,126
Collateralized loan obligations	—		8,205	—	8,205		—	7,904	—	7,904
Other debt securities	—		147	211	358		—	1,040	217	1,257
Total available-for-sale debt securities	57,687		164,961	225	222,873		51,809	161,531	233	213,573
Loans held for sale (2)	—		826	85	911		—	721	107	828
Mortgage servicing rights (residential) (2)	—		—	5,608	5,608		—	—	5,696	5,696
Equity securities	1,678		21	66	1,765		1,941	—	67	2,008
Other assets	317		—	116	433		311	—	161	472
Total assets measured at fair value on a recurring basis	$	142,515	380,874	7,125	530,514		141,285	364,920	7,027	513,232
Trading liabilities:
Securities sold, not yet purchased	$	(31,115)	(8,044)	(2)	(39,161)		(24,581)	(7,261)	(2)	(31,844)
Derivative liabilities gross:
Interest rate contracts	(27)		(22,104)	(510)	(22,641)		(65)	(22,268)	(442)	(22,775)
Commodity contracts	(465)		(6,134)	(225)	(6,824)		(79)	(4,265)	(61)	(4,405)
Equity contracts	—		(18,079)	(1,135)	(19,214)		—	(21,438)	(1,276)	(22,714)
Foreign exchange contracts	—		(47,126)	(16)	(47,142)		—	(36,975)	(2)	(36,977)
Credit contracts	—		(50)	(15)	(65)		—	(57)	(28)	(85)
Total derivative liabilities (gross)	(492)		(93,493)	(1,901)	(95,886)		(144)	(85,003)	(1,809)	(86,956)






Total trading liabilities prior to derivative netting	(31,607)		(101,537)	(1,903)	(135,047)		(24,725)	(92,264)	(1,811)	(118,800)
Derivative netting (1)					81,400					73,332
Total trading liabilities after derivative netting					$	(53,647)				(45,468)
Other liabilities	—		(317)	(51)	(368)		—	(311)	(46)	(357)

Long-term debt	—		(9,398)	—	(9,398)		—	(7,082)	—	(7,082)
Total liabilities measured at fair value on a recurring basis	$	(31,607)	(111,252)	(1,954)	(144,813)		(24,725)	(99,657)	(1,857)	(126,239)

(1)Represents balance sheet netting of derivative asset and liability balances, related cash collateral, and portfolio level valuation adjustments. See Note 10 (Derivatives) for additional information.

(2)Loans held for sale and mortgage servicing rights are included in other assets on our consolidated balance sheet.

Level 3 Assets and Liabilities Recognized at Fair Value on a Recurring Basis

Table 11.2 presents the changes in Level 3 assets and liabilities recognized at fair value on a recurring basis.

Table 11.2: Changes in Level 3 Fair Value Assets and Liabilities on a Recurring Basis


										Net unrealized gains (losses) related to assets and liabilities held at period end
(in millions)	Balance, beginning of period		Net gains/(losses) (1)	Purchases (2)	Sales	Settlements	Transfers into Level 3 (3)	Transfers out of Level 3 (4)	Balance, end of period		(5)
Quarter ended March 31, 2026






















Trading assets (6):
Debt instruments (7)	$	162	(16)	227	(229)	(6)	84	(7)	215	(15)	(8)
Net derivative assets and liabilities:
Interest rate contracts	(142)		(163)	—	—	5	—	29	(271)	(133)
Equity contracts	(1,124)		182	—	—	207	(235)	137	(833)	347
Other derivative contracts	54		(15)	2	(4)	(9)	(2)	(17)	9	1
Total derivative contracts	(1,212)		4	2	(4)	203	(237)	149	(1,095)	215	(9)
Available-for-sale debt securities	233		(9)	5	—	(4)	—	—	225	(8)	(8)
Mortgage servicing rights (residential) (10)	5,696		(106)	17	1	—	—	—	5,608	56	(11)
Other (6)	222		(55)	9	(30)	(3)	9	(2)	150	(53)	(12)
Quarter ended March 31, 2025
Trading assets (6):
Debt instruments (7)	$	144	(7)	13	(7)	(10)	28	(8)	153	(7)	(8)
Net derivative assets and liabilities:
Interest rate contracts	(3,603)		868	—	—	405	—	—	(2,330)	1,210
Equity contracts	(1,167)		54	—	—	120	(140)	9	(1,124)	110
Other derivative contracts	(33)		83	2	—	(148)	—	—	(96)	(64)
Total derivative contracts	(4,803)		1,005	2	—	377	(140)	9	(3,550)	1,256	(9)
Available-for-sale debt securities	216		1	3	—	(9)	—	—	211	—	(8)
Mortgage servicing rights (residential) (10)	6,844		(257)	25	(76)	—	—	—	6,536	(68)	(11)
Other (6)	278		(76)	5	—	(3)	5	(46)	163	(76)	(12)

(1)All amounts represent net gains (losses) included in net income except for AFS debt securities and other assets and liabilities which also included net gains (losses) in other comprehensive income (OCI). Net gains (losses) included in OCI for AFS debt securities were $(9) million and $0 for first quarter 2026 and 2025, respectively. Net gains (losses) included in OCI for other assets and liabilities were $7 million and $1 million for first quarter 2026 and 2025, respectively.

(2)Includes originations of mortgage servicing rights and loans held for sale.

(3)All assets and liabilities transferred into Level 3 were previously classified within Level 2.

(4)All assets and liabilities transferred out of Level 3 are classified as Level 2.

(5)All amounts represent net unrealized gains (losses) related to assets and liabilities held at period end included in net income except for AFS debt securities and other assets and liabilities which also included net unrealized gains (losses) related to assets and liabilities held at period end in OCI. Net unrealized gains (losses) included in OCI for AFS debt securities were $(8) million and $0 for first quarter 2026 and 2025, respectively. Net unrealized gains (losses) included in OCI for other assets and liabilities were $7 million and $1 million for first quarter 2026 and 2025, respectively.

(6)In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities and short-term borrowings, with corresponding changes to our consolidated statement of income. Prior period balances have been revised to conform with the current period presentation. For additional information, see Note 1 (Summary of Significant Accounting Policies).

(7)Includes trading debt securities and trading loans.

(8)Included in net gains from trading and securities on our consolidated statement of income.

(9)Included in mortgage banking income, net gains from trading and securities, and other noninterest income on our consolidated statement of income.

(10)For additional information on the changes in mortgage servicing rights, see Note 6 (Mortgage Banking Activities).

(11)Included in mortgage banking income on our consolidated statement of income.

(12)Included in mortgage banking income and other noninterest income on our consolidated statement of income.

Table 11.3 provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value on a recurring basis.

Weighted averages of inputs are calculated using outstanding unpaid principal balances of loans serviced for residential MSRs and notional amounts for derivative instruments.

Table 11.3: Valuation Techniques – Recurring Basis


($ in millions, except cost to service amounts)	Fair Value Level 3		Valuation Technique	Significant Unobservable Input	Range of Inputs					Weighted Average
March 31, 2026










Mortgage servicing rights (residential)	$	5,608	Discounted cash flow	Cost to service per loan (1)	$	62	-	434		94
				Discount rate	9.0		-	13.0	%	9.3
				Prepayment rate (2)	5.7		-	23.8		8.1
Net derivative assets and (liabilities):
Interest rate contracts	(270)		Discounted cash flow	Discount rate	2.8		-	3.7		3.7
	(1)		Discounted cash flow	Default rate	0.4		-	12.0		2.5
				Loss severity	50.0		-	50.0		50.0



Equity contracts	(397)		Discounted cash flow	Conversion factor	(0.4)		-	0.0		(0.2)
				Weighted average life	0.8		-	3.8	yrs	1.4
	(436)		Option model	Correlation factor	(66.5)		-	98.0	%	66.0
				Volatility factor	13.8		-	115.9		48.1


December 31, 2025









Mortgage servicing rights (residential)	$	5,696	Discounted cash flow	Cost to service per loan (1)	$	61	-	446		96
				Discount rate	8.8		-	12.5	%	9.1
				Prepayment rate (2)	5.7		-	23.0		8.0
Net derivative assets and (liabilities):
Interest rate contracts	(139)		Discounted cash flow	Discount rate	2.5		-	3.5		3.4
	(3)		Discounted cash flow	Default rate	0.4		-	12.0		2.4
				Loss severity	50.0		-	50.0		50.0



Equity contracts	(579)		Discounted cash flow	Conversion factor	(0.3)		-	0.0		(0.2)
				Weighted average life	1.0		-	4.0	yrs	1.7
	(545)		Option model	Correlation factor	(20.0)		-	98.5	%	77.1
				Volatility factor	8.0		-	105.0		42.7

(1)The high end of the range of inputs is for servicing modified loans. For non-modified loans, the range is $62 - $108 at March 31, 2026, and $61 - $112 at December 31, 2025.

(2)Includes a blend of prepayment speeds and expected defaults. Prepayment speeds are influenced by mortgage interest rates as well as our estimation of drivers of borrower behavior.

For additional information on the valuation techniques and significant unobservable inputs used in the valuation of our Level 3 assets and liabilities, including how changes in these inputs affect fair value estimates, see Note 14 (Fair Value Measurements) in our 2025 Form 10-K.

Assets and Liabilities Recognized at Fair Value on a

Nonrecurring Basis

Table 11.4 provides the fair value hierarchy and fair value at the date of the nonrecurring fair value adjustment for all assets that

were still held as of March 31, 2026, and December 31, 2025, and for which a nonrecurring fair value adjustment was recognized during the quarter ended March 31, 2026, and the year ended December 31, 2025.

Table 11.4: Fair Value on a Nonrecurring Basis


	March 31, 2026				December 31, 2025
(in millions)	Level 2		Level 3	Total	Level 2	Level 3	Total
Loans held for sale (1)	$	1,086	13	1,099	1,846	240	2,086
Loans:
Commercial	420		—	420	1,161	—	1,161
Consumer	33		—	33	96	—	96
Total loans	453		—	453	1,257	—	1,257

Equity securities	499		911	1,410	1,001	1,791	2,792
Other assets	39		—	39	89	9	98
Total assets at fair value on a nonrecurring basis	$	2,077	924	3,001	4,193	2,040	6,233

(1)Consists of commercial mortgages and residential mortgage – first lien loans.

Table 11.5 presents the gains (losses) on all assets held at the end of the reporting periods presented for which a nonrecurring

fair value adjustment was recognized in earnings during the respective periods.

Table 11.5: Gains (Losses) on Assets with Nonrecurring Fair Value Adjustments


	Quarter ended March 31,
(in millions)	2026		2025
Loans held for sale	$	(9)	12
Loans:
Commercial	(337)		(143)
Consumer	(111)		(120)
Total loans	(448)		(263)

Equity securities (1)	56		(177)

Other assets (2)(3)	(10)		(19)
Total	$	(411)	(447)

(1)Includes impairment of equity securities and observable price changes related to equity securities accounted for under the measurement alternative.

(2)Includes impairment of operating lease ROU assets, valuation losses on foreclosed real estate, and other collateral owned.

(3)In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities, with corresponding changes to our consolidated statement of income. Prior period balances have been revised to conform with the current period presentation. For additional information, see Note 1 (Summary of Significant Accounting Policies).

Table 11.6 provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of our Level 3 assets that are measured at fair value on

a nonrecurring basis. Weighted averages of inputs for equity securities are calculated using carrying value prior to the nonrecurring fair value measurement.

Table 11.6: Valuation Techniques – Nonrecurring Basis

($ in millions)

Fair Value
Level 3

Valuation
Technique (1)

Significant
Unobservable Input (1)

Range of Inputs
Positive (Negative)

Weighted
Average

March 31, 2026

Equity securities

911

Market comparable pricing

Multiples

1.1x

7.4x

1.5x

December 31, 2025

Equity securities

393

Market comparable pricing

Comparability adjustment

(100.0)

(4.9)

(49.1)

1,398

Market comparable pricing

Multiples

1.1x

44.1x

12.3x

(1)See Note 14 (Fair Value Measurements) in our 2025 Form 10-K for additional information on the valuation technique(s) and significant unobservable inputs used in the valuation of Level 3 assets.

Fair Value Option

The fair value option is an irrevocable election, generally only permitted upon initial recognition of financial assets or liabilities, to measure eligible financial instruments at fair value with changes in fair value reflected in earnings. We may elect the fair value option to align the measurement model with how the financial assets or liabilities are managed or to reduce complexity or accounting asymmetry. Following is a discussion of the portfolios for which we elected the fair value option. For

additional information, including the basis for our fair value option elections, see Note 14 (Fair Value Measurements) in our 2025 Form 10-K.

Table 11.7 reflects differences between the fair value carrying amount of the assets and liabilities for which we have elected the fair value option and the contractual aggregate unpaid principal amount at maturity.

Table 11.7: Fair Value Option


	March 31, 2026				December 31, 2025
(in millions)	Fair value carrying amount		Aggregate unpaid principal	Fair value carrying amount less aggregate unpaid principal	Fair value carrying amount	Aggregate unpaid principal	Fair value carrying amount less aggregate unpaid principal
Trading assets (1)	$	4,421	4,800	(379)	4,882	5,180	(298)
Other assets (1)	911		929	(18)	828	846	(18)

Other liabilities	(317)		—	(317)	(311)	—	(311)
Long-term debt (2)	(9,398)		(10,156)	758	(7,082)	(7,647)	565

(1)Trading assets consists of trading loans and other assets consists of loans held for sale accounted for under the fair value option. Nonaccrual loans and loans 90 days or more past due and still accruing were insignificant at March 31, 2026, and December 31, 2025.

(2)Includes zero coupon notes for which the aggregate unpaid principal amount reflects the contractual principal due at maturity.

Table 11.8 reflects amounts included in earnings related to initial measurement and subsequent changes in fair value, by income statement line item, for assets and liabilities for which the fair

value option was elected. Amounts recognized in net interest income are excluded from the table below.

Table 11.8: Gains (Losses) on Changes in Fair Value Included in Earnings


	Quarter ended March 31,
	2026				2025
(in millions)	Mortgage banking noninterest income		Net gains from trading and securities (1)	Other noninterest income	Mortgage banking noninterest income	Net gains from trading and securities	Other noninterest income
Quarter ended March 31,





Trading assets (1)	$	—	(53)	—	—	(3)	—
Other assets (1)	—		—	—	21	—	—

Other liabilities	—		—	(6)	—	—	3
Long-term debt	—		99	—	—	(26)	—

(1)In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities, with corresponding changes to our consolidated statement of income. Prior period balances have been revised to conform with the current period presentation. For additional information, see Note 1 (Summary of Significant Accounting Policies).

For performing loans, instrument-specific credit risk gains or losses are derived principally by determining the change in fair value of the loans due to changes in the observable or implied credit spread. Credit spread is the market yield on the loans less the relevant risk-free benchmark interest rate. For nonperforming loans, we attribute all changes in fair value to instrument-specific credit risk. For trading loans and loans held for sale accounted for under the fair value option, which are included in trading assets and other assets, respectively, on our consolidated balance sheet, instrument-specific credit gains or losses were insignificant for the first quarter of both 2026 and 2025.

For long-term debt, instrument-specific credit risk gains or losses represent the impact of changes in fair value due to changes in our credit spread and are generally derived using observable secondary bond market information. These impacts are recognized within the debit valuation adjustments (DVA) in OCI. See Note 20 (Other Comprehensive Income) for additional information.

Disclosures about Fair Value of Financial Instruments

Table 11.9 presents a summary of fair value estimates for financial instruments that are not carried at fair value on a recurring basis. Some financial instruments are excluded from the scope of this table, such as certain insurance contracts, certain nonmarketable equity securities, and leases. This table also excludes assets and liabilities that are not financial instruments such as the value of the long-term relationships with our deposit, credit card and trust customers, MSRs, premises and equipment, goodwill and deferred taxes.

Loan commitments, standby letters of credit and commercial and similar letters of credit are not included in Table 11.9. A reasonable estimate of the fair value of these instruments is the carrying value of deferred fees plus the allowance for unfunded credit commitments, which totaled $613 million and $639 million at March 31, 2026 and December 31, 2025, respectively.

The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying fair value of the Company.

Table 11.9: Fair Value Estimates for Financial Instruments


			Estimated fair value
(in millions)	Carrying amount		Level 1	Level 2	Level 3	Total
March 31, 2026
Financial assets
Cash and due from banks (1)	$	33,543	33,543	—	—	33,543
Interest-earning deposits with banks (1)	141,241		140,909	332	—	141,241
Federal funds sold and securities borrowed or purchased under resale agreements (1)	215,599		—	215,599	—	215,599
Held-to-maturity debt securities	204,080		2,032	165,988	3,278	171,298
Loans held for sale (2)	3,740		—	3,565	190	3,755
Loans, net (2)	987,622		—	874	960,875	961,749
Equity securities (cost method)	4,955		—	—	5,061	5,061
Total financial assets	$	1,590,780	176,484	386,358	969,404	1,532,246
Financial liabilities
Deposits (3)	$	189,154	—	100,924	88,102	189,026
Federal funds purchased and securities loaned or sold under repurchase agreements (1)	234,371		—	234,371	—	234,371
Short-term borrowings	32,282		—	32,286	—	32,286
Long-term debt (4)	174,532		—	176,898	1,420	178,318
Total financial liabilities	$	630,339	—	544,479	89,522	634,001
December 31, 2025
Financial assets
Cash and due from banks (1)	$	39,182	39,182	—	—	39,182
Interest-earning deposits with banks (1)	135,028		134,695	333	—	135,028
Federal funds sold and securities borrowed or purchased under resale agreements (1)	193,929		—	193,929	—	193,929
Held-to-maturity debt securities	208,023		2,051	170,490	3,256	175,797
Loans held for sale	2,618		—	2,418	263	2,681
Loans, net (2)	957,037		—	820	931,108	931,928
Equity securities (cost method)	4,323		—	—	4,415	4,415
Total financial assets	$	1,540,140	175,928	367,990	939,042	1,482,960
Financial liabilities
Deposits (3)	$	166,686	—	75,728	90,379	166,107
Federal funds purchased and securities loaned or sold under repurchase agreements (1)	232,687		—	232,687	—	232,687
Short-term borrowings	18,323		—	18,331	—	18,331
Long-term debt (4)	167,618		—	172,563	1,390	173,953
Total financial liabilities	$	585,314	—	499,309	91,769	591,078

(1)Amounts consist of financial instruments for which carrying value approximates fair value.

(2)Excludes lease financing in loans and loans held for sale, net of allowance for credit losses, of $15.3 billion and $16.4 billion at March 31, 2026 and December 31, 2025, respectively.

(3)Excludes deposit liabilities with no defined or contractual maturity of $1.3 trillion at both March 31, 2026 and December 31, 2025.

(4)Excludes obligations under finance leases of $11 million and $12 million at March 31, 2026 and December 31, 2025, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details