v3.25.4
DERIVATIVES - Credit Derivatives (Details)
$ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
agency
Dec. 31, 2024
USD ($)
Credit Derivative    
Fair values, Receivable $ 9,723.0 $ 8,715.0
Fair values, Payable 11,232.0 7,253.0
Notionals, Protection purchased 600,329.0 531,429.0
Notionals, Protection sold 475,228.0 439,146.0
Fair value of derivative in liability position 16,000.0 15,000.0
Fair value of collateral already posted $ 13,000.0 13,000.0
Number of rating agencies | agency 3  
Additional collateral to be posted $ 200.0  
Aggregate cash obligations and collateral requirements 200.0  
Fair value gross derivative assets 406,408.0 334,900.0
Purchased    
Credit Derivative    
Fair values, Receivable 3,899.0 3,864.0
Fair values, Payable 9,275.0 5,403.0
Sold    
Credit Derivative    
Fair values, Receivable 5,824.0 4,851.0
Fair values, Payable 1,957.0 1,850.0
Within 1 year    
Credit Derivative    
Fair values, Receivable 1,366.0 1,606.0
Fair values, Payable 2,817.0 1,166.0
Notionals, Protection purchased 173,546.0 140,541.0
Notionals, Protection sold 135,335.0 118,885.0
From 1 to 5 years    
Credit Derivative    
Fair values, Receivable 6,495.0 5,625.0
Fair values, Payable 6,469.0 4,906.0
Notionals, Protection purchased 360,174.0 342,608.0
Notionals, Protection sold 311,311.0 295,503.0
After 5 years    
Credit Derivative    
Fair values, Receivable 1,862.0 1,484.0
Fair values, Payable 1,946.0 1,181.0
Notionals, Protection purchased 66,609.0 48,280.0
Notionals, Protection sold 28,582.0 24,758.0
Investment Grade    
Credit Derivative    
Fair values, Receivable 4,673.0 4,578.0
Fair values, Payable 4,701.0 3,450.0
Notionals, Protection purchased 451,504.0 405,271.0
Notionals, Protection sold 382,219.0 350,124.0
Non-Investment Grade    
Credit Derivative    
Fair values, Receivable 5,050.0 4,137.0
Fair values, Payable 6,531.0 3,803.0
Notionals, Protection purchased 148,825.0 126,158.0
Notionals, Protection sold 93,009.0 89,022.0
Credit default swaps and options    
Credit Derivative    
Fair values, Receivable 7,691.0 6,765.0
Fair values, Payable 8,008.0 6,545.0
Notionals, Protection purchased 529,748.0 486,901.0
Notionals, Protection sold 457,932.0 431,005.0
Total return swaps and other    
Credit Derivative    
Fair values, Receivable 2,032.0 1,950.0
Fair values, Payable 3,224.0 708.0
Notionals, Protection purchased 70,581.0 44,528.0
Notionals, Protection sold 17,296.0 8,141.0
Interest rate swaps    
Credit Derivative    
Amount derecognized 8,200.0 6,200.0
Cash proceeds received for assets derecognized 8,200.0 6,200.0
Fair value of derecognized assets 8,000.0 5,800.0
Fair value gross derivative assets 103.0 179.0
Trading derivatives, liability $ 69.0 $ 29.0