Unsecured Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Unsecured Borrowings

The table below presents information about unsecured borrowings.



		As of December

$ in millions			2021				2020
Unsecured short-term borrowings			$ 46,955				$ 52,870
Unsecured long-term borrowings			254,092				213,481
Total			$301,047				$266,351

Unsecured Short-Term Borrowings

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



		As of December

$ in millions			2021				2020
Current portion of unsecured long-term borrowings			$18,118				$25,914
Hybrid financial instruments			20,073				18,823
Commercial paper			6,730				6,085
Other unsecured short-term borrowings			2,034				2,048
Total unsecured short-term borrowings			$46,955				$52,870
Weighted average interest rate			2.34%				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 December 2021
Fixed-rate obligations:
Group Inc.			$124,731				$43,219				$167,950
Subsidiaries			1,803				3,189				4,992
Floating-rate obligations:
Group Inc.			23,452				17,394				40,846
Subsidiaries			27,543				12,761				40,304
Total			$177,529				$76,563				$254,092
As of December 2020
Fixed-rate obligations:
Group Inc.			$ 98,858				$35,614				$134,472
Subsidiaries			1,700				3,145				4,845
Floating-rate obligations:
Group Inc.			18,579				18,871				37,450
Subsidiaries			23,440				13,274				36,714
Total			$142,577				$70,904				$213,481

Unsecured Long-Term Borrowings by Maturity Date

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



		As of December 2021

$ in millions			Group Inc.				Subsidiaries				Total
2023			$ 33,921				$ 9,290				$ 43,211
2024			27,003				6,733				33,736
2025			23,158				5,645				28,803
2026			18,571				3,586				22,157
2027 – thereafter			106,143				20,042				126,185
Total			$208,796				$45,296				$254,092

Unsecured Long-Term Borrowings after Hedging

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



$ in millions			Group Inc.				Subsidiaries				Total
As of December 2021
Fixed-rate obligations:
At fair value			$ 4,798				$ 65				$ 4,863
At amortized cost			27,133				3,237				30,370
Floating-rate obligations:
At fair value			12,864				34,663				47,527
At amortized cost			164,001				7,331				171,332
Total			$208,796				$45,296				$254,092
As of December 2020
Fixed-rate obligations:
At fair value			$ 1,407				$ 114				$ 1,521
At amortized cost			27,482				3,345				30,827
Floating-rate obligations:
At fair value			9,721				29,669				39,390
At amortized cost			133,312				8,431				141,743
Total			$171,922				$41,559				$213,481

Subordinated Borrowings

The table below presents information about subordinated borrowings.



$ in millions			Par Amount				Carrying Value				Rate
As of December 2021
Subordinated debt			$12,437				$15,571				1.74%
Junior subordinated debt			968				1,321				1.31%
Total			$13,405				$16,892				1.71%
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%