v3.22.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Financial Assets Liabilities Summary
The table below presents financial assets and liabilities carried at fair value.
 
    As of December  
     
$ in millions
 
 
2021
 
    2020  
Total level 1 financial assets
 
 
$  
 
255,774
 
    $   263,999  
Total level 2 financial assets
 
 
498,527
 
    410,275  
Total level 3 financial assets
 
 
24,083
 
    26,305  
Investments in funds at NAV
 
 
3,469
 
    3,664  
Counterparty and cash collateral netting
 
 
(66,041
    (77,170
Total financial assets at fair value
 
 
$  
 
715,812
 
    $   627,073  
 
Total assets
 
 
$1,463,988
 
    $1,163,028  
 
Total level 3 financial assets divided by:
               
Total assets
 
 
1.6%
 
    2.3%  
Total financial assets at fair value
 
 
3.4%
 
    4.2%  
Total level 1 financial liabilities
 
 
$  
 
110,030
 
    $     85,120  
Total level 2 financial liabilities
 
 
403,627
 
    331,824  
Total level 3 financial liabilities
 
 
29,169
 
    32,930  
Counterparty and cash collateral netting
 
 
(51,269
    (60,297
Total financial liabilities at fair value
 
 
$  
 
491,557
 
    $   389,577  
 
Total liabilities
 
 
$1,354,062
 
    $1,067,096  
 
Total level 3 financial liabilities divided by:
               
Total liabilities
 
 
2.2%
 
    3.1%  
Total financial liabilities at fair value
 
 
5.9%
 
    8.5%  
In the table above:
 
 
Counterparty netting among positions classified in the same level is included in that level.
 
 
Counterparty and cash collateral netting represents the impact on derivatives of netting across levels.
Total Level 3 Financial Assets
The table below presents a summary of level 3 financial assets.
 
    As of December  
     
$ in millions
 
 
2021
 
     2020  
Trading assets:
                
Trading cash instruments
 
 
$  1,889
 
     $  1,237  
Derivatives
 
 
5,938
 
     5,967  
Investments
 
 
13,902
 
     16,423  
Loans
 
 
2,354
 
     2,678  
Total
 
 
$24,083
 
     $26,305