v3.25.4
FAIR VALUE ELECTIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value, Option, Aggregate Differences [Abstract]  
Schedule of financial instruments selected for changes in fair value gains and losses
The following table presents the changes in fair value of those items for which the fair value option has been elected:

Changes in fair value—gains (losses) for the years ended December 31,
In millions of dollars20252024
Assets
Securities borrowed and purchased under agreements to resell $184 $77 
Trading account assets46 (28)
Investments7 — 
Loans
Corporate loans
1,250 1,137 
Consumer loans4 (10)
Total loans$1,254 $1,127 
Other assets
MSRs$(22)$37 
Mortgage loans HFS(1)
65 16 
Total other assets$43 $53 
Total assets$1,534 $1,229 
Liabilities
Deposits$(572)$(38)
Securities loaned and sold under agreements to repurchase (61)46 
Trading account liabilities(402)(190)
Short-term borrowings(2)
(3,421)(524)
Long-term debt(2)
(10,524)(6,285)
Total liabilities$(14,980)$(6,991)

(1)    Includes gains (losses) associated with interest rate lock commitments for originated loans for which the Company has elected the fair value option.
(2)     Includes DVA that is included in AOCI. See Notes 21 and 26.
Schedule of fair value of loans and other disclosures for certain credit related products
The following table provides information about certain credit products carried at fair value:

 December 31, 2025December 31, 2024
In millions of dollarsTrading assetsLoansTrading assetsLoans
Carrying amount reported on the Consolidated Balance Sheet$4,902 $6,855 $5,025 $8,040 
Aggregate unpaid principal balance in excess of (less than) fair value149 (176)137 (55)
Balance of non-accrual loans or loans more than 90 days past due— 2 — 2 
Aggregate unpaid principal balance in excess of (less than) fair value for non-accrual loans or loans more than 90 days past due— — — — 
Schedule of fair value of loans and other disclosures for certain mortgage loans
The following table provides information about certain mortgage loans HFS carried at fair value:

In millions of dollarsDecember 31,
2025		December 31, 2024
Carrying amount reported on the Consolidated Balance Sheet$923 $692 
Aggregate fair value in excess of (less than) unpaid principal balance18 4 
Balance of non-accrual loans or loans more than 90 days past due1 1 
Aggregate unpaid principal balance in excess of fair value for non-accrual loans
or loans more than 90 days past due		— — 
Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument
The following table provides information about the carrying value of notes carried at fair value, disaggregated by type of risk:

In billions of dollarsDecember 31, 2025December 31, 2024
Interest rate linked$66.9 $58.0 
Foreign exchange linked0.1 0.1 
Equity linked49.6 41.8 
Commodity linked7.0 6.9 
Credit linked7.1 5.9 
Total$130.7 $112.7 
Schedule of long-term debt carried at fair value, excluding debt issued by consolidated VIEs
The following table provides information about long-term debt and short-term borrowings carried at fair value:

In millions of dollarsDecember 31, 2025December 31, 2024
Long-term debt
Carrying amount reported on the Consolidated Balance Sheet$130,726 $112,719 
Aggregate unpaid principal balance in excess of (less than) fair value1,704 (1,943)
Short-term borrowings
Carrying amount reported on the Consolidated Balance Sheet$21,567 $12,484 
Aggregate unpaid principal balance in excess of (less than) fair value(134)(87)