v3.26.1
FAIR VALUE ELECTIONS (Tables)
 3 Months Ended
Mar. 31, 2026
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)
 
Three Months Ended March 31,
In millions of dollars20262025
Assets  
Securities borrowed and purchased under agreements to resell$(106)$8 
Trading account assets(4)20 
Investments— — 
Loans
Corporate loans291 38 
Consumer loans— 6 
Total loans$291 $44 
Other assets 
MSRs$5 $(15)
Mortgage loans HFS(1)
(5)15 
Total other assets$— $— 
Total assets$181 $72 
Liabilities 
Deposits$24 $(45)
Securities loaned and sold under agreements to repurchase94 19 
Trading account liabilities(201)(182)
Short-term borrowings(2)
454 (511)
Long-term debt(2)
2,351 (253)
Total liabilities$2,722 $(972)

(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 17 and 21.
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:

 March 31, 2026December 31, 2025
In millions of dollarsTrading assetsLoansTrading assetsLoans
Carrying amount reported on the Consolidated Balance Sheet$5,281 $8,523 $4,902 $6,855 
Aggregate unpaid principal balance in excess of (less than) fair value142 (49)149 (176)
Balance of non-accrual loans or loans more than 90 days past due— 1 — 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 dollarsMarch 31, 2026December 31, 2025
Carrying amount reported on the Consolidated Balance Sheet$867 $923 
Aggregate fair value in excess of (less than) unpaid principal balance3 18 
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 dollarsMarch 31, 2026December 31, 2025
Interest rate linked$67.6 $66.9 
Foreign exchange linked0.1 0.1 
Equity linked51.1 49.6 
Commodity linked8.9 7.0 
Credit linked7.3 7.1 
Total$135.0 $130.7 
Schedule of long-term debt carried at fair value and short term borrowings, 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 dollarsMarch 31, 2026December 31, 2025
Long-term debt
Carrying amount reported on the Consolidated Balance Sheet$135,058 $130,726 
Aggregate unpaid principal balance in excess of (less than) fair value4,289 1,704 
Short-term borrowings
Carrying amount reported on the Consolidated Balance Sheet$26,719 $21,567 
Aggregate unpaid principal balance in excess of (less than) fair value(124)(134)