Unsecured Borrowings (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Unsecured Borrowings

The table below presents information about unsecured borrowings.



		As of

$ in millions			June 2021				December 2020
Unsecured short-term borrowings			$ 61,740				$ 52,870
Unsecured long-term borrowings			238,930				213,481
Total			$300,670				$266,351

Unsecured Short-Term Borrowings

The table below presents information about unsecured short-term borrowings.



		As of

$ in millions			June 2021				December 2020
Current portion of unsecured long-term borrowings			$26,077				$25,914
Hybrid financial instruments			22,850				18,823
Commercial paper			10,710				6,085
Other unsecured short-term borrowings			2,103				2,048
Total unsecured short-term borrowings			$61,740				$52,870
Weighted average interest rate			1.98%				1.84%

Unsecured Long-Term Borrowings

The table below presents information about unsecured long-term borrowings.



$ in millions			U.S. Dollar				Non-U.S. Dollar				Total
As of June 2021
Fixed-rate obligations			$111,944				$46,475				$158,419
Floating-rate obligations			46,692				33,819				80,511
Total			$158,636				$80,294				$238,930
As of December 202 0
Fixed-rate obligations			$100,558				$38,759				$139,317
Floating-rate obligations			42,019				32,145				74,164
Total			$142,577				$70,904				$213,481

Unsecured Long-Term Borrowings by Maturity Date

The table below presents unsecured long-term borrowings by maturity.



$ in millions			As of June 2021
2022			$ 14,582
2023			37,567
2024			29,377
2025			28,018
2026			21,426
2027 - thereafter			107,960
Total			$238,930

Unsecured Long-Term Borrowings after Hedging

The table below presents unsecured long-term borrowings, after giving effect to such hedging activities.



		As of

$ in millions			June 2021				December 2020
Fixed-rate obligations:
At fair value			$ 2,469				$ 1,521
At amortized cost			29,598				30,827
Floating-rate obligations:
At fair value			41,927				39,390
At amortized cost			164,936				141,743
Total			$238,930				$213,481

Subordinated Borrowings

The table below presents information about subordinated borrowings.



$ in millions			Par Amount				Carrying Value				Rate
As of June 2021
Subordinated debt			$13,959				$17,368				1.57%
Junior subordinated debt			968				1,350				1.19%
Total			$14,927				$18,718				1.55%
As of December 2020
Subordinated debt			$14,136				$18,529				1.83%
Junior subordinated debt			968				1,430				1.32%
Total			$15,104				$19,959				1.80%