v3.25.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Compensation and benefits $ 2,125 $ 1,888
ASC 740 asset related to unrecognized tax benefits 387 366
Non-U.S. operations 1,398 1,507
Unrealized losses 2,984 2,786
Net operating losses 766 786
Occupancy-related 86 85
Other comprehensive income/(loss)-related 1,182 714
Tax credits carryforward 392 461
Operating lease liabilities 612 581
Allowance for credit losses 814 1,412
Other, net 640 421
Subtotal 11,386 11,007
Valuation allowance (1,970) (2,064)
Total deferred tax assets 9,416 8,943
Deferred tax liabilities    
Depreciation and amortization 1,081 982
Operating lease right-of-use assets 538 512
Total deferred tax liabilities $ 1,619 $ 1,494