Unsecured Borrowings (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Unsecured Borrowings

The table below presents information about unsecured borrowings.



		As of

$ in millions			September 2021				December 2020
Unsecured short-term borrowings			$ 48,990				$ 52,870
Unsecured long-term borrowings			242,780				213,481
Total			$291,770				$266,351

Unsecured Short-Term Borrowings

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



		As of

$ in millions			September 2021				December 2020
Current portion of unsecured long-term borrowings			$20,631				$25,914
Hybrid financial instruments			21,624				18,823
Commercial paper			4,752				6,085
Other unsecured short-term borrowings			1,983				2,048
Total unsecured short-term borrowings			$48,990				$52,870
Weighted average interest rate			2.35%				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 September 2021
Fixed-rate obligations			$117,469				$45,381				$162,850
Floating-rate obligations			49,286				30,644				79,930
Total			$166,755				$76,025				$242,780
As of December 2020
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 September 2021
2022			$ 7,767
2023			38,318
2024			30,240
2025			28,006
2026			22,605
2027 - thereafter			115,844
Total			$242,780

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			September 2021				December 2020
Fixed-rate obligations:
At fair value			$ 3,188				$ 1,521
At amortized cost			30,180				30,827
Floating-rate obligations:
At fair value			44,692				39,390
At amortized cost			164,720				141,743
Total			$242,780				$213,481

Subordinated Borrowings

The table below presents information about subordinated borrowings.



$ in millions			Par Amount				Carrying Value				Rate
As of September 2021
Subordinated debt			$14,004				$17,140				1.63%
Junior subordinated debt			968				1,327				1.28%
Total			$14,972				$18,467				1.60%
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%